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$520K
$92,834
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Try Picki for FREEConfidence
High
High
$680,000
Medium
$650,000
Low
$620,000
Confidence
Medium
This expansive 783m² block with a generous 20.73m frontage offers subdivision potential, subject to council consent. Opportunities abound for developers or homeowners wanting to invest, with possibilities to split into multiple lots or construct a grand home. The existing dwelling needs inspection for potential renovation. Proximity to Lyell McEwin Hospital makes it an ideal investment with strong rental appeal. Built in 1965, the land is zoned GN with nearby schools making it appealing for families.
Trusted by over 13k property buyers and counting...
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67.5%
$590K
4.2%
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Try Picki for FREE$130,000
-$5,951
5.8%
Asking Price
$520,000
Estimated Purchase Price
$520,000
Stamp Duty
$22,430
Transfer Fee
$4,835
Conveyancing
$1,226
Deposit (10%)
$52,000
Reg. Mortgage
$187
LMI Premium
$11,607
Renovation Costs
-
Total Cash/Equity Required
$92,835
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$30,160
$42,927
Property Management
+7.7% PA
$2,322
$3,305
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
$22,387
$32,509
Interest Repayments
$30,888
$30,888
Net Cashflow Before Tax
-$8,501
$1,621
Depreciation
-
-
Tax Offset
-$2,550
$486
Net Cashflow After Tax
-$5,951
$1,135
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Year 1
Year 10
Property Value
6.8%
$694,200
$1,254,948
Loan Balance
I.O
$468,000
$468,000
$226,200
$786,948
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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...
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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
