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Withheld
$192,347
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,190,000
Medium
$1,120,000
Low
$1,050,000
Confidence
Medium
8 Velvet Way in Palmview offers an exceptional opportunity for families, first-time buyers, and investors alike. This four-bedroom property boasts a prime location near Flintwood Crescent Park and easy access to the Bruce Highway. The spacious interior features a master suite with a walk-in robe and ensuite, three additional bedrooms with robes, and a large open-plan living area. The kitchen is equipped with a 900mm gas cooktop, abundant bench space, and a walk-in pantry. The home extends outdoors to a large entertainment area and manicured lawn, promising a perfect balance of indoor and outdoor living.
Trusted by over 13k property buyers and counting...
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72.7%
$823K
4.7%
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Try Picki for FREE$15,000
-$20,985
4.0%
Asking Price
-
Estimated Purchase Price
$1,105,000
Stamp Duty
$44,063
Transfer Fee
$4,142
Conveyancing
$1,665
Deposit (10%)
$110,500
Reg. Mortgage
$224
LMI Premium
$31,202
Renovation Costs
-
Total Cash/Equity Required
$192,347
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$44,200
$62,910
Property Management
+7.7% PA
$3,403
$4,844
Rates
+3.0% PA
$1,487
$1,940
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
$35,659
$51,362
Interest Repayments
$65,637
$65,637
Net Cashflow Before Tax
-$29,978
-$14,275
Depreciation
-
-
Tax Offset
-$8,994
-$4,282
Net Cashflow After Tax
-$20,985
-$9,992
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,196,160
$2,162,373
Loan Balance
I.O
$994,500
$994,500
$201,660
$1,167,873
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2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Retail Trade - 12.0%
Education and Training - 10.0%
Accommodation and Food Services - 9.0%
Others - 53.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % 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
