Withheld
$2,215
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$790,000
Medium
$760,000
Low
$730,000
Confidence
High
A unique opportunity presents itself in this generously-sized 961sqm parcel of land, hosting two existing dwellings, ideal for renovation or redevelopment. Positioned in a prime location within walking distance of Redbank Plaza, schools, and transport options, this property offers unmatched convenience. The potential for capital growth in this rapidly developing area is significant. With motivated sellers and a booming Brisbane property market, this fixer-upper is poised for transformation and profit.
Trusted by over 13k property buyers and counting...
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70.3%
$548K
5.7%
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Try Picki for FREE$10,000
-$16,259
3.8%
Asking Price
-
Estimated Purchase Price
$750,000
Stamp Duty
$26,775
Transfer Fee
$2,626
Conveyancing
$1,665
Deposit (10%)
$75,000
Reg. Mortgage
$224
LMI Premium
$21,178
Renovation Costs
-
Total Cash/Equity Required
$128,018
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$1,424
$1,858
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
$21,323
$30,951
Interest Repayments
$44,550
$44,550
Net Cashflow Before Tax
-$23,227
-$13,599
Depreciation
-
-
Tax Offset
-$6,968
-$4,080
Net Cashflow After Tax
-$16,259
-$9,520
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$811,680
$1,467,324
Loan Balance
I.O
$675,000
$675,000
$136,680
$792,324
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 - 14.0%
Manufacturing - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Others - 52.0%
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
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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
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