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$585K
-
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Try Picki for FREEConfidence
High
High
$595,000
Medium
$570,000
Low
$545,000
Confidence
Not applicable
This appealing property offers a 2-bedroom, air-conditioned home situated on approximately 5 acres (2 hectares) of land. The modern kitchen features a gas stove and rangehood, while the main bedroom includes built-in wardrobes and air conditioning. Sustainable energy options are present with a gas hot water system and an approximate 2.4kW solar system. Storage needs are well-catered with a large powered zinc shed and a carport. Rainwater storage is ample with a 34,000-liter capacity. The fully fenced property includes a small dam and boasts a serene rural setting with bitumen road access, located near town.
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78.6%
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Try Picki for FREE$60,000
-$24,527
-
Asking Price
$585,000
Estimated Purchase Price
$510,000
Stamp Duty
$16,275
Transfer Fee
$1,615
Conveyancing
$1,665
Deposit (10%)
$51,000
Reg. Mortgage
$224
LMI Premium
$11,165
Renovation Costs
-
Total Cash/Equity Required
$82,494
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,093
$1,426
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
-$4,744
-$6,190
Interest Repayments
$30,294
$30,294
Net Cashflow Before Tax
-$35,038
-$36,484
Depreciation
-
-
Tax Offset
-$10,511
-$10,945
Net Cashflow After Tax
-$24,527
-$25,539
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$608,760
$1,100,493
Loan Balance
I.O
$459,000
$459,000
$149,760
$641,493
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2021 Population
Suburbs
Manufacturing - 18.0%
Agriculture, Forestry and Fishing - 13.0%
Education and Training - 11.0%
Retail Trade - 9.0%
Others - 49.0%
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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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)
No data available
No data available
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
