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$450K
$80,000
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$540,000
Medium
$480,000
Low
$420,000
Confidence
Medium
Impressive 2-bedroom unit in a desirable complex, perfect for modern living. Featuring a stunning balcony area, deluxe kitchen with premium appliances, and open-plan living area. This unit is on the second level and offers secure parking. Currently leased at a strong rental return, it signifies a great investment opportunity. Constructed in 2017, it boasts modern fittings including floating floors, downlights, and security features. Community facilities include secure underground parking and easy access with elevators. Positioned conveniently near shopping centers, schools, and public transport.
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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
4.1%
61.1%
$870K
2.9%
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-$10,941
4.1%
Asking Price
$480,000
Estimated Purchase Price
$480,000
Stamp Duty
$20,330
Transfer Fee
$4,451
Conveyancing
$1,226
Deposit (10%)
$48,000
Reg. Mortgage
$187
LMI Premium
$10,714
Renovation Costs
-
Total Cash/Equity Required
$85,458
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
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
$12,881
$18,969
Interest Repayments
$28,512
$28,512
Net Cashflow Before Tax
-$15,631
-$9,543
Depreciation
-
-
Tax Offset
-$4,689
-$2,863
Net Cashflow After Tax
-$10,941
-$6,680
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$512,640
$926,731
Loan Balance
I.O
$432,000
$432,000
$80,640
$494,731
