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Withheld
$2,215
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Try Picki for FREEConfidence
High
High
$650,000
Medium
$620,000
Low
$590,000
Confidence
Medium
Discover a unique investment opportunity in Avoca with this expansive 10,120sqm block, ideal for developers. The property hosts a solid 3-bedroom brick home but shines with its strategic location and vast land, perfect for residential expansion. Located within walking distance to Sugarland Shopping Centre and Avoca School, and featuring road access ready for extension, it offers convenience and potential. Zoned for low density, the property awaits visionary planning, subject to council approval, in a thriving area. Verify all details independently to confirm potential.
Trusted by over 13k property buyers and counting...
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65.3%
$573K
5%
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-$10,770
4.8%
Asking Price
-
Estimated Purchase Price
$620,000
Stamp Duty
$20,925
Transfer Fee
$2,078
Conveyancing
$1,665
Deposit (10%)
$62,000
Reg. Mortgage
$224
LMI Premium
$17,507
Renovation Costs
-
Total Cash/Equity Required
$104,950
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$29,640
$42,187
Property Management
+7.7% PA
$2,282
$3,248
Rates
+3.0% PA
$2,264
$2,954
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
$21,443
$31,221
Interest Repayments
$36,828
$36,828
Net Cashflow Before Tax
-$15,385
-$5,607
Depreciation
-
-
Tax Offset
-$4,616
-$1,682
Net Cashflow After Tax
-$10,770
-$3,925
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$662,160
$1,197,028
Loan Balance
I.O
$558,000
$558,000
$104,160
$639,028
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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 - 17.0%
Retail Trade - 12.0%
Agriculture, Forestry and Fishing - 10.0%
Education and Training - 9.0%
Others - 52.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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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
