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$650K
$105,868
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High
-
Medium
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Low
-
Confidence
This property offers a 10-meter frontage and is situated in a prime location near an electric train station and shopping district. It's a titled allotment among brand new homes, ideal for first-time home buyers or investors. Benefiting from South Australia's First Home Buyers Scheme, eligible buyers may receive substantial government grants aimed at easing the cost burden. The property is strategically located approximately 28.6 km from Adelaide's CBD, providing convenient access to major shopping centers, cafes, schools, and public transport. The Home Start Finance rent-while-you-build scheme may also be an attractive option for potential buyers.
Trusted by over 13k property buyers and counting...
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34.5%
$424K
5.2%
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+
20.8%
Asking Price
$104,500
Estimated Purchase Price
$95,000
Stamp Duty
$2,655
Transfer Fee
$803
Conveyancing
$1,226
Deposit (10%)
$9,500
Reg. Mortgage
$187
LMI Premium
$1,639
Renovation Costs
-
Total Cash/Equity Required
$16,560
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
$1,930
$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
$12,787
$18,847
Interest Repayments
$5,643
$5,643
Net Cashflow Before Tax
$7,144
$13,204
Depreciation
-
-
Tax Offset
$2,143
$3,961
Net Cashflow After Tax
$5,001
$9,243
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$112,140
$202,722
Loan Balance
I.O
$85,500
$85,500
$26,640
$117,222
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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
