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$699K
$119,146
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$720,000
Medium
$680,000
Low
$640,000
Confidence
Medium
Discover a promising investment with a well-maintained duplex from 1970, featuring two separate units, each with 2 bedrooms, 1 bathroom, and 1 carport. Located near Wilsonton Shopping Centre and St Andrews Hospital, this 617m block offers a convenient living space for tenants. With new leases at $310 per week, valid through December 2025, it ensures steady rental income. Current rent appraisal suggests an increase to $350 per unit, enhancing investment potential. The land’s generous size provides ample space, making it a strategic choice for those seeking stable, long-term rental returns in a desirable location.
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Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Education and Training - 11.0%
Retail Trade - 10.0%
Manufacturing - 7.0%
Others - 56.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
0%
54.6%
$535K
4.6%
Unlock Property Investment Scores
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Try Picki for FREE-$20,000
-$15,427
3.9%
Asking Price
$699,000
Estimated Purchase Price
$700,000
Stamp Duty
$24,525
Transfer Fee
$2,415
Conveyancing
$1,665
Deposit (10%)
$70,000
Reg. Mortgage
$224
LMI Premium
$19,766
Renovation Costs
-
Total Cash/Equity Required
$119,146
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
Rates
+3.0% PA
$1,766
$2,304
Water
+3.0% PA
$1,401
$1,828
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$19,541
$28,455
Interest Repayments
$41,580
$41,580
Net Cashflow Before Tax
-$22,039
-$13,125
Depreciation
-
-
Tax Offset
-$6,612
-$3,938
Net Cashflow After Tax
-$15,427
-$9,188
Unlock the power of Picki
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$726,240
$1,312,869
Loan Balance
I.O
$630,000
$630,000
$96,240
$682,869
