$799K
$122,695
"Large block in growing area that allows for a subdivision or keep as is for the short term and make the most of the large block of land. Alternatively you can keep it rented to lovely tenants who would love to stay on. Blocks like this are getting harder to find, especially where public transport, schools and shopping centres are all close by. Side access to a large shed. This is a unique opportunity surely to be snapped up make contact today for further information."
Below are some similar properties in the area you may be interested in.
-
72.3%
$593K
4.3%
-$15,000
-$21,681
2.9%
2.1%
-15.7%
6.0%
Asking Price
$849,000
Estimated Purchase Price
$805,000
Stamp Duty
$29,250
Transfer Fee
$2,879
Conveyancing
$1,665
Deposit (10%)
$80,500
Reg. Mortgage
$224
LMI Premium
$22,731
Renovation Costs
-
Total Cash/Equity Required
$137,799
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,103
$1,439
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
$16,844
$24,538
Interest Repayments
$47,817
$47,817
Net Cashflow Before Tax
-$30,973
-$23,279
Depreciation
-
-
Tax Offset
-$9,292
-$6,984
Net Cashflow After Tax
-$21,681
-$16,295
Assumptions
Year 1
Year 10
Property Value
6.8%
$843,720
$1,525,245
Loan Balance
I.O
$724,500
$724,500
$119,220
$800,745
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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 - 15.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Construction - 10.0%
Others - 50.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price