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$885K
$184,239
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$900,000
Medium
$825,000
Low
$750,000
Confidence
Not Applicable
This brand new, high-spec lowset home is located in the rapidly growing Riverlea residential estate in Adelaide's north. Perfect for families, the property sits on an impressive 640sqm block and offers up to 5 spacious bedrooms with walk-in robes. With dual living areas and a luxurious master suite, the home boasts a gourmet kitchen with stainless appliances, ducted air conditioning, and a covered outdoor area. The expansive fenced backyard is a blank canvas, ready for personal landscaping touches. Conveniently close to transport, schools, and new amenities, the property also offers significant savings with potential first home owner grants and stamp duty exemptions for eligible buyers.
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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 - 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...
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
0%
84.1%
$313K
10.2%
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Try Picki for FREE$10,000
-$37,703
-
Asking Price
-
Estimated Purchase Price
$815,000
Stamp Duty
$38,655
Transfer Fee
$7,715
Conveyancing
$1,226
Deposit (10%)
$81,500
Reg. Mortgage
$187
LMI Premium
$23,464
Renovation Costs
-
Total Cash/Equity Required
$153,297
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
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
-$5,451
-$7,112
Interest Repayments
$48,411
$48,411
Net Cashflow Before Tax
-$53,862
-$55,523
Depreciation
-
-
Tax Offset
-$16,159
-$16,657
Net Cashflow After Tax
-$37,703
-$38,866
Unlock the power of Picki
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$881,100
$1,592,819
Loan Balance
I.O
$733,500
$733,500
$147,600
$859,319
