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$470K
$67,268
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High
-
Medium
-
Low
-
Confidence
Nestled in a quiet street, this versatile property serves as a family home or investment option. With parking space for at least six cars and easy rear ramp access, convenience is a top feature. The open-plan design showcases a modern kitchen, dining, and lounge area, complemented by a reverse cycle heat pump for optimal comfort. Positioned on a corner block with dual access, it offers a generous under-house storage or workshop area. Close to transport, shops, and schools, it meets a variety of lifestyle needs.
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53.6%
$395K
6.2%
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Try Picki for FREE$60,000
-$3,314
6.6%
Asking Price
$470,000
Estimated Purchase Price
$410,000
Stamp Duty
$14,423
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$41,000
Reg. Mortgage
$152
LMI Premium
$9,064
Renovation Costs
-
Total Cash/Equity Required
$67,268
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+8.8% PA
$2,380
$3,387
Rates
+3.0% PA
$1,841
$2,402
Water
+3.0% PA
$950
$1,240
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$19,619
$28,522
Interest Repayments
$24,354
$24,354
Net Cashflow Before Tax
-$4,735
$4,168
Depreciation
-
-
Tax Offset
-$1,420
$1,250
Net Cashflow After Tax
-$3,314
$2,918
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Year 1
Year 10
Property Value
6.8%
$501,960
$907,424
Loan Balance
I.O
$369,000
$369,000
$132,960
$538,424
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2021 Population
Suburbs
Manufacturing - 14.0%
Retail Trade - 13.0%
Health Care and Social Assistance - 12.0%
Construction - 9.0%
Others - 52.0%
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
