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$700K
$104,083
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Try Picki for FREEConfidence
High
High
$720,000
Medium
$680,000
Low
$640,000
Confidence
Medium
A prime opportunity awaits in the sought-after suburb of Glenella with this expansive 979 sqm parcel of residential land. Situated on 6 titles, the block presents a slightly sloped terrain with established trees and vegetation. Offering proximity to Mt Pleasant Shopping Centre, a short drive to Bunnings and local lifestyle shops, this land is ideally located for convenience. It's a tranquil residential area with nearby access to schools and multi-sport club facilities. With endless possibilities subject to Council approval, this property is a canvas ready for your vision.
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73.2%
$580K
6.7%
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Try Picki for FREE$65,000
-$6,119
5.8%
Asking Price
$700,000
Estimated Purchase Price
$615,000
Stamp Duty
$20,700
Transfer Fee
$2,078
Conveyancing
$1,665
Deposit (10%)
$61,500
Reg. Mortgage
$224
LMI Premium
$17,366
Renovation Costs
-
Total Cash/Equity Required
$104,083
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$35,880
$51,068
Property Management
+7.7% PA
$2,763
$3,932
Rates
+3.0% PA
$1,676
$2,187
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
$27,790
$40,186
Interest Repayments
$36,531
$36,531
Net Cashflow Before Tax
-$8,741
$3,655
Depreciation
-
-
Tax Offset
-$2,622
$1,096
Net Cashflow After Tax
-$6,119
$2,558
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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
$553,500
$553,500
$172,740
$759,369
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2021 Population
Suburbs
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 8.0%
Accommodation and Food Services - 7.0%
Others - 62.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
