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$300K
$55,833
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Try Picki for FREEConfidence
Medium
High
$320,000
Medium
$300,000
Low
$280,000
Confidence
Not Found
Discover an exciting opportunity with this spacious 711.0m2 block, perfectly positioned in a central location. This land offers easy access to a range of amenities including schools, the Northgate Shopping Complex, major supermarkets, a library, and a Village Cinema. Located within a well-serviced community, the area benefits from nearby public transport via the Metro bus service. With Glenorchy City Council rates approximately $1,100 per annum, this property presents itself as a convenient and promising prospect for development or investment.
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58.7%
$449K
5.8%
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Try Picki for FREE-$25,000
-$17,042
-
Asking Price
$300,000
Estimated Purchase Price
$325,000
Stamp Duty
$10,935
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$32,500
Reg. Mortgage
$152
LMI Premium
$5,553
Renovation Costs
-
Total Cash/Equity Required
$51,771
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+8.8% PA
-
-
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
-$5,041
-$6,577
Interest Repayments
$19,305
$19,305
Net Cashflow Before Tax
-$24,346
-$25,882
Depreciation
-
-
Tax Offset
-$7,304
-$7,765
Net Cashflow After Tax
-$17,042
-$18,118
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$320,400
$579,207
Loan Balance
I.O
$292,500
$292,500
$27,900
$286,707
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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
