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$898K
$187,092
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$960,000
Medium
$900,000
Low
$840,000
Confidence
Medium
Explore a unique opportunity with a vacant land parcel in the Western Suburbs, offering a rare 12.8-metre-wide rear corner allotment. Positioned just 300 meters from Port Road and a quick 10-minute drive to the CBD, this property is an attractive option for first-time home buyers. With potential savings of up to $40,000 in government benefits, this house and land package boasts modern conveniences such as a double garage with automatic roller doors, stainless steel appliances, and free solar panels. However, ensure to clarify terms as plans, elevations, and prices can vary. Additional conditions apply, requiring council and developer approval.
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60.9%
$842K
3%
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Try Picki for FREE-$65,000
-$23,716
3.2%
Asking Price
$898,000
Estimated Purchase Price
$965,000
Stamp Duty
$46,905
Transfer Fee
$9,155
Conveyancing
$1,226
Deposit (10%)
$96,500
Reg. Mortgage
$187
LMI Premium
$27,782
Renovation Costs
-
Total Cash/Equity Required
$182,305
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
Rates
+3.0% PA
$1,836
$2,396
Water
+3.0% PA
$1,271
$1,658
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$23,441
$33,998
Interest Repayments
$57,321
$57,321
Net Cashflow Before Tax
-$33,880
-$23,323
Depreciation
-
-
Tax Offset
-$10,164
-$6,997
Net Cashflow After Tax
-$23,716
-$16,326
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$961,200
$1,737,621
Loan Balance
I.O
$868,500
$868,500
$92,700
$869,121
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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.
2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 13.0%
Manufacturing - 11.0%
Construction - 9.0%
Others - 49.0%
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
