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Withheld
$162,966
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Try Picki for FREEConfidence
High
High
$960,000
Medium
$920,000
Low
$880,000
Confidence
Medium
This solid cream brick family home from the 1960s, located between the city and coast, offers convenience and modern comforts. The three-bedroom residence, situated just 8 km from the CBD, features ample living spaces including a formal lounge and dining area, a family room, and a modern kitchen with plenty of storage. It also boasts updated facilities such as a bathroom with a separate shower and reverse cycle ducted air conditioning. The property comes with a carport for two vehicles, a storeroom, and established gardens. Currently leased, it presents an opportunity for buyers to personalize and enjoy a well-located home.
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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...
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
1.8%
70.9%
$850K
3.8%
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Try Picki for FREE$15,000
-$22,229
3.3%
Asking Price
-
Estimated Purchase Price
$905,000
Stamp Duty
$43,605
Transfer Fee
$8,579
Conveyancing
$1,226
Deposit (10%)
$90,500
Reg. Mortgage
$187
LMI Premium
$26,055
Renovation Costs
-
Total Cash/Equity Required
$170,702
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$29,640
$42,187
Property Management
+7.7% PA
$2,282
$3,248
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
$22,001
$31,949
Interest Repayments
$53,757
$53,757
Net Cashflow Before Tax
-$31,756
-$21,808
Depreciation
-
-
Tax Offset
-$9,527
-$6,542
Net Cashflow After Tax
-$22,229
-$15,266
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$982,560
$1,776,235
Loan Balance
I.O
$814,500
$814,500
$168,060
$961,735
