Malanda, Qld
Tablelands (R)
4
2
3
house
First listed on 22/05/2024
Current Asking Price
Target Purchase Price:$570,000
Market Appraised Value
High Confidence
Market Appraised Rent
Cash Required
Greg Smith
3%
54.8%
-
-
$0
-$17,136
2.8%
1.6%
-17.8%
6.0%
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2016 Population
Suburbs
Agriculture, Forestry and Fishing - 16.0%
Health Care and Social Assistance - 14.0%
Retail Trade - 12.0%
Education and Training - 10.0%
Others - 48.0%
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
Asking Price
$529,000
Estimated Purchase Price
$490,000
Stamp Duty
$15,575
Transfer Fee
$1,530
Conveyancing
$1,665
Deposit (10%)
$49,000
Reg. Mortgage
$224
LMI Premium
$10,727
Renovation Costs
$0
Total Cash/Equity Required
$79,272
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$15,704
$22,352
Property Management
+7.7% PA
$1,209
$1,721
Rates
+3.0% PA
$1,466
$1,913
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
$9,378
$13,954
Interest Repayments
$29,106
$29,106
Net Cashflow Before Tax
-$19,728
-$15,152
Depreciation
$0
$0
Tax Offset
-$5,918
-$4,546
Net Cashflow After Tax
-$13,810
-$10,606
Assumptions
Year 1
Year 10
Property Value
6.8%
$523,320
$946,038
Loan Balance
I.O
$441,000
$441,000
$82,320
$505,038