The information provided is for general informational purposes only. While we strive for accuracy, we make no guarantees about the completeness or reliability of the content. Any reliance you place on this information is at your own risk, and we are not liable for any losses or damages arising from its use.
Additionally, our site may contain links to external websites, which we do not control. The inclusion of these links does not imply endorsement of their content. By using Picki, you accept this disclaimer and acknowledge that the information may not be suitable for all users.
© 2024 Picki. All rights reserved.
Withheld
$37,393
Unlock Appraised Value
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEConfidence
Medium
High
$235,000
Medium
$225,000
Low
$215,000
Confidence
Low
This versatile property in Bute spans a 1010sqm corner allotment and includes a main house, a granny flat, and an older shop front, presenting multiple investment options. The main house features three bedrooms, a modern kitchen, a cozy living area with AC and heating, and ample outdoor space with a sunroom, yard, and gardens. Meanwhile, the granny flat offers a settled tenant and additional living quarters. It includes a kitchen, storage, combined power utilization, and solar panels. Minimal TLC could enhance its appeal further.
Trusted by over 13k property buyers and counting...
Try Picki for FREELocation, 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
Agriculture, Forestry and Fishing - 39.0%
Health Care and Social Assistance - 17.0%
Education and Training - 7.0%
Accommodation and Food Services - 6.0%
Others - 31.0%
Average Income
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
Create a free account to access the tools and information you need to make the best property investment decisions.
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
Below are some similar properties in the area you may be interested in.
0%
86.4%
$220K
5.9%
Unlock Property Investment Scores
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREE-
+
10.4%
Asking Price
-
Estimated Purchase Price
$225,000
Stamp Duty
$7,893
Transfer Fee
$2,051
Conveyancing
$1,226
Deposit (10%)
$22,500
Reg. Mortgage
$187
LMI Premium
$3,882
Renovation Costs
-
Total Cash/Equity Required
$38,288
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
$1,743
$2,274
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
$16,334
$23,873
Interest Repayments
$13,365
$13,365
Net Cashflow Before Tax
$2,969
$10,508
Depreciation
-
-
Tax Offset
$891
$3,152
Net Cashflow After Tax
$2,078
$7,355
Unlock the power of Picki
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$240,300
$434,405
Loan Balance
I.O
$202,500
$202,500
$37,800
$231,905
