$869K
$149,312
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Try Picki for FREEConfidence
High
High
$1,110,000
Medium
$1,030,000
Low
$950,000
Confidence
Medium
This highset property in Ferny Hills offers a promising investment opportunity with a current rental income of $620 per week until March 31, 2025. Sitting on a spacious 744sqm corner block with dual street access, the home features a modern kitchen, an expansive entertaining deck, and a large concrete area below with potential for development. The fully fenced yard is perfect for families, with plenty of space for children and pets. Located close to Ferny Grove Central and local amenities, the property is poised for future growth in a vibrant, evolving community.
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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
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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
0%
82.2%
$1.13M
3%
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Try Picki for FREE$40,000
-$22,654
3.4%
Asking Price
-
Estimated Purchase Price
$990,000
Stamp Duty
$37,575
Transfer Fee
$3,637
Conveyancing
$1,665
Deposit (10%)
$99,000
Reg. Mortgage
$224
LMI Premium
$27,955
Renovation Costs
-
Total Cash/Equity Required
$170,606
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
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
$26,443
$38,201
Interest Repayments
$58,806
$58,806
Net Cashflow Before Tax
-$32,363
-$20,605
Depreciation
-
-
Tax Offset
-$9,709
-$6,182
Net Cashflow After Tax
-$22,654
-$14,424
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,100,040
$1,988,611
Loan Balance
I.O
$891,000
$891,000
$209,040
$1,097,611