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.
$789K
$163,885
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
High
High
$900,000
Medium
$825,000
Low
$750,000
Confidence
Not Applicable
Discover a contemporary masterpiece at Riverlea Park, a promising community brimming with tranquility and connectivity. This newly built home is a testament to modern design and craftsmanship, featuring a spacious open-plan living area, gourmet kitchen, and luxurious master suite. Enjoy the privacy of a beautifully landscaped backyard and the convenience of a nearby future retail hub and schools. Ideal for families seeking a serene yet connected lifestyle.
Trusted by over 13k property buyers and counting...
Try Picki for FREE0%
84.1%
$313K
10.2%
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-$25,000
-$39,159
-
Asking Price
$789,000
Estimated Purchase Price
$850,000
Stamp Duty
$40,580
Transfer Fee
$8,003
Conveyancing
$1,226
Deposit (10%)
$85,000
Reg. Mortgage
$187
LMI Premium
$24,472
Renovation Costs
-
Total Cash/Equity Required
$160,018
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
$50,490
$50,490
Net Cashflow Before Tax
-$55,941
-$57,602
Depreciation
-
-
Tax Offset
-$16,782
-$17,281
Net Cashflow After Tax
-$39,159
-$40,322
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%
$881,100
$1,592,819
Loan Balance
I.O
$765,000
$765,000
$116,100
$827,819
Below are some similar properties in the area you may be interested in.
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
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
