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$650K
$123,273
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$700,000
Medium
$625,000
Low
$550,000
Confidence
N/A
This house and land package by Metro provides an affordable option for first-time homebuyers, downsizers, or investors seeking a stylish residence without a steep price. This home features four bedrooms, an open-plan kitchen, dining, and living area, along with a second living space. The main suite, with walk-in-robe and ensuite, is positioned at the front, while the bedroom wing includes three additional bedrooms and a study. First Home Buyers are exempt from paying stamp duty on the land, which will help reduce upfront costs. Additional highlights include upgraded modern façade, 2.7m ceiling height, ducted air conditioning, and energy-efficient design.
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76.1%
$290K
7.3%
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Try Picki for FREE-$35,000
-$31,266
-
Asking Price
$649,999
Estimated Purchase Price
$660,000
Stamp Duty
$30,130
Transfer Fee
$6,179
Conveyancing
$1,226
Deposit (10%)
$66,000
Reg. Mortgage
$187
LMI Premium
$19,001
Renovation Costs
-
Total Cash/Equity Required
$123,273
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,940
$2,531
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
-$5,461
-$7,125
Interest Repayments
$39,204
$39,204
Net Cashflow Before Tax
-$44,665
-$46,329
Depreciation
-
-
Tax Offset
-$13,400
-$13,899
Net Cashflow After Tax
-$31,266
-$32,431
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$667,500
$1,206,681
Loan Balance
I.O
$594,000
$594,000
$73,500
$612,681
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 18.0%
Health Care and Social Assistance - 12.0%
Manufacturing - 11.0%
Retail Trade - 11.0%
Others - 48.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
