$340K
$62,376
Confidence
High
High
$415,000
Medium
$395,000
Low
$375,000
Confidence
Moderate
"Opportunity awaits 3 bedroom, 1 bathroom home in the sought after north end of the island. With its openplan living and dining area, southfacing orientation, and sealed road access, this home offers both comfort and convenience. Features Open Plan Living Spacious living and dining area, perfect for family time and entertaining. SouthFacing Enjoy natural light and a pleasant breeze yearround. Prime Location Close to all amenities, including the Russell Island Bowls Club. Easy Access Located on a sealed road for smooth travel. Priced to sell, this home is an excellent opportunity for families, retirees, or investors. Contact us today to arrange a viewing"
-
42.8%
-
-
$20,000
-$7,508
4.8%
3.1%
-12.4%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$350,000
Estimated Purchase Price
$375,000
Stamp Duty
$11,550
Transfer Fee
$1,067
Conveyancing
$1,665
Deposit (10%)
$37,500
Reg. Mortgage
$224
LMI Premium
$8,209
Renovation Costs
-
Total Cash/Equity Required
$60,766
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
Rates
+3.0% PA
$1,598
$2,085
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
$11,550
$17,061
Interest Repayments
$22,275
$22,275
Net Cashflow Before Tax
-$10,725
-$5,214
Depreciation
-
-
Tax Offset
-$3,218
-$1,564
Net Cashflow After Tax
-$7,508
-$3,650
Assumptions
Year 1
Year 10
Property Value
6.8%
$421,860
$762,623
Loan Balance
I.O
$337,500
$337,500
$84,360
$425,123
Below are some similar properties in the area you may be interested in.
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 - 15.0%
Retail Trade - 14.0%
Construction - 10.0%
Education and Training - 10.0%
Others - 51.0%
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