Withheld
$59,939
"Discover this inviting highset home offering a perfect opportunity for first home buyers. With 3 bedrooms, 1 bathroom, and an open living space, this property combines comfort with potential. Situated in a prime location near schools and shopping, its perfect for growing families. Key Features Spacious Layout Featuring 3 bedrooms and 1 bathroom, this home offers a comfortable and functional living space. Sunroom Enjoy the additional sunroom, perfect for relaxing or creating a cozy reading nook. Practical Amenities Benefit from single car accommodation with a lockup feature and an extra workshop space under the home. Flat Block The property sits on a flat block with doublesided access, providing convenience and potential for future workshop potential Prime Location Located close to schools and shopping centers, this home offers easy access to essential amenities and services. TLC Needed While needing a little TLC, this property is a fantastic opportunity to add your personal touch and increase its value. Dont miss out on this great first home buyer opportunity. Contact KYLEE today at ELDERS GLADSTONE AND TANNUM SANDS to schedule a viewing and envision the possibilities this home offers"
8%
40.5%
$310K
6.5%
$20,000
-$7,089
5.2%
3.3%
-11.5%
6.0%
Asking Price
$339,000
Estimated Purchase Price
$380,000
Stamp Duty
$11,725
Transfer Fee
$1,067
Conveyancing
$1,665
Deposit (10%)
$38,000
Reg. Mortgage
$224
LMI Premium
$8,319
Renovation Costs
-
Total Cash/Equity Required
$61,550
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
Rates
+3.0% PA
$2,142
$2,795
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
$12,445
$18,400
Interest Repayments
$22,572
$22,572
Net Cashflow Before Tax
-$10,127
-$4,172
Depreciation
-
-
Tax Offset
-$3,038
-$1,251
Net Cashflow After Tax
-$7,089
-$2,920
Assumptions
Year 1
Year 10
Property Value
6.8%
$427,200
$772,276
Loan Balance
I.O
$342,000
$342,000
$85,200
$430,276
Did you know you need to engage a conveyancer when buying a property?
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2016 Population
Suburbs
Manufacturing - 14.0%
Retail Trade - 10.0%
Construction - 10.0%
Transport, Postal and Warehousing - 8.0%
Others - 58.0%
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