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$390K
$62,765
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$480,000
Medium
$450,000
Low
$420,000
Confidence
Medium
This is a charming investment opportunity in a transforming suburb. The property, set on approximately 569 square meters, offers substantial street frontage. This 3-bedroom home features a lounge room, an updated kitchen with a casual meals area, and a bathroom with a separate toilet. Equipped with reverse cycle air conditioning and a fully fenced spacious rear yard, it includes a carport with a roller door for convenience. Its strategic location provides proximity to schools, shops, public transport, and other amenities.
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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 - 22.0%
Retail Trade - 14.0%
Manufacturing - 11.0%
Education and Training - 11.0%
Others - 42.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
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
21.2%
36.7%
$463K
4.8%
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Try Picki for FREE$60,000
-$4,913
6.0%
Asking Price
$420,000
Estimated Purchase Price
$390,000
Stamp Duty
$15,830
Transfer Fee
$3,587
Conveyancing
$1,226
Deposit (10%)
$39,000
Reg. Mortgage
$187
LMI Premium
$8,705
Renovation Costs
-
Total Cash/Equity Required
$69,085
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,930
$2,518
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
$16,147
$23,629
Interest Repayments
$23,166
$23,166
Net Cashflow Before Tax
-$7,019
$463
Depreciation
-
-
Tax Offset
-$2,106
$139
Net Cashflow After Tax
-$4,913
$324
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$351,000
$351,000
$129,600
$517,810
