Withheld
$2,215
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Try Picki for FREEConfidence
High
-
Medium
-
Low
-
Confidence
-
Street Statistics
Public Housing (%)
2.2%
Owner Occupiers (%)
58.8%
Median Street Sold Price
$553K
Median Street Rental Yield
4.9%
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Property
Very Poor
Street
Poor
Suburb
Very Good
Overall
Average
Under Market Value
$35,000
Net Cashflow PA
-$12,758
Gross Yield
4.0%
Purchase Costs
Asking Price
-
Estimated Purchase Price
$585,000
Stamp Duty
$19,350
Transfer Fee
$1,952
Conveyancing
$1,665
Deposit (10%)
$58,500
Reg. Mortgage
$224
LMI Premium
$16,519
Renovation Costs
-
Total Cash/Equity Required
$98,760
Income Statement (Cashflow)
Income
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Expenses
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,424
$1,858
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
$16,523
$24,119
Interest Repayments
$34,749
$34,749
Net Cashflow Before Tax
-$18,226
-$10,630
Depreciation
-
-
Tax Offset
-$5,468
-$3,189
Net Cashflow After Tax
-$12,758
-$7,441
Balance Sheet
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Try Picki for FREEAssets
Assumptions
Year 1
Year 10
Property Value
6.8%
$662,160
$1,197,028
Liabilities
Loan Balance
I.O
$526,500
$526,500
Net Equity
$135,660
$670,528
Property Inspection Report
Property Overview
Experience premier townhouse living at 27 Ipswich Street, Riverview. This modern gem features two spacious bedrooms, a versatile two-way bathroom, and an open-plan living area ideal for entertaining. Enjoy outdoor relaxation in your private courtyard oasis. With a lock-up garage and visitor parking, convenience is assured. Riverview's key amenities, including schools and shops, are within easy reach. Designed for investors and homeowners alike, this property promises both comfort and potential.
Inspection Checklist
- Verify the condition of the two-way bathroom and check fixtures.
- Examine the functionality and condition of the kitchen appliances.
- Assess the private courtyard for maintenance needs and privacy.
- Inspect the overall condition and size of both bedrooms.
- Confirm the availability and condition of the visitor parking.
- Review the property's current body corporate fees and any upcoming changes.
- Check the proximity and noise levels from the Ipswich Motorway.
- Verify the lock-up garage for size and ease of access.
Questions for Agent
- Can you provide more details on the recent renovations or upgrades in the townhouse?
- What are the expected monthly utilities and maintenance costs?
- Are there any upcoming developments or changes planned for the Riverview area?
- How many units are currently in the development, and what is the average occupancy?
- Can you elaborate on the rental market demand and any recent trends in the area?
- What is the history of the body corporate fee, and have there been any recent increases?
- Is there any flexibility in the visitor parking arrangement for longer stays?
- Are there any restrictions or guidelines set by the body corporate for renovations or modifications?
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Location Opportunity
City of Ipswich statistics
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.
229,208
2021 Population
78
Suburbs
Demand
Employment
Em
New project
Pr
lifestyle
Li
population
Po
Supply
New Supply
Su
Opportunity
Opportunity
Op
Em
Employment Industries
Very Diverse
Health Care and Social Assistance - 14.0%
Manufacturing - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Others - 52.0%
income growth
Low
Average Income
COMMUTE TIME
21mins
11kms
Good
Pr
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Li
Po
Population Growth
Average Population
POPULATION vs SUPPLY
Under Supply
Projected Population Growth
8.0%
projected
for 2025 to 2027
Very High
Su
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3.0%
High
SALES PRICE GROWTH
Monthly % Change in Median House Prices (Prev. Quarter)
RENTAL YIELD
Excellent
Average Rental Yield
VACANCY RATE
Excellent
Average Vacancy Rate
Days of Supply
Good
Average Days of Supply
Owner Occupier Level
No data available
VENDOR DISCOUNTING
Poor
Average Population
Pricing
Sold Price
Asking Price
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