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$449K
$72,827
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Try Picki for FREEConfidence
High
High
$478,000
Medium
$449,000
Low
$420,000
Confidence
Medium
Discover a charming haven located in a prime suburb, boasting three bedrooms with polished timber floors and split system air conditioning. The master bedroom features a bay window and built-in wardrobes. Enjoy a spacious timber kitchen with ample storage and a covered deck with leafy views, perfect for outdoor dining. A spacious bathroom with timber walls adds to the home's timeless charm. Currently leased at $420 per week until January 2025, this property offers an excellent investment opportunity or a chance for personal customization. Minutes from The Strand, city amenities, top schools, and a popular park, this is a dream home in an unbeatable location.
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Try Picki for FREELocation, 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%
Public Administration and Safety - 14.0%
Education and Training - 10.0%
Retail Trade - 10.0%
Others - 51.0%
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
3.3%
45.5%
$253K
10.2%
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-$3,961
6.4%
Asking Price
$449,000
Estimated Purchase Price
$450,000
Stamp Duty
$14,175
Transfer Fee
$1,362
Conveyancing
$1,665
Deposit (10%)
$45,000
Reg. Mortgage
$224
LMI Premium
$9,851
Renovation Costs
-
Total Cash/Equity Required
$72,828
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
$1,676
$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
$21,071
$30,622
Interest Repayments
$26,730
$26,730
Net Cashflow Before Tax
-$5,659
$3,892
Depreciation
-
-
Tax Offset
-$1,698
$1,168
Net Cashflow After Tax
-$3,961
$2,724
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$405,000
$405,000
$75,600
$463,810
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