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$650K
$124,632
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Medium
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Low
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Confidence
The property is a 1958 weatherboard home near Northgate Shopping Centre and Montrose Foreshore Park. It's on a 776m² block and offers potential for development or renovation. Currently tenanted at $690 per week until March 17, 2024, it’s suitable for first home buyers or investors. Features include four bedrooms, a generously proportioned kitchen and lounge, a family bathroom, a covered patio, and a fenced garden with several outbuildings. It includes a large single carport with off-street parking, is close to schools, transport, and local amenities, only 9 km from the city center.
Trusted by over 13k property buyers and counting...
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54.4%
$525K
5.2%
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Try Picki for FREE-$50,000
-$14,628
4.1%
Asking Price
$650,000
Estimated Purchase Price
$730,000
Stamp Duty
$28,035
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$73,000
Reg. Mortgage
$152
LMI Premium
$20,815
Renovation Costs
-
Total Cash/Equity Required
$124,632
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$30,160
$42,927
Property Management
+8.8% PA
$2,654
$3,778
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
$22,465
$32,572
Interest Repayments
$43,362
$43,362
Net Cashflow Before Tax
-$20,897
-$10,790
Depreciation
-
-
Tax Offset
-$6,269
-$3,237
Net Cashflow After Tax
-$14,628
-$7,553
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Year 1
Year 10
Property Value
6.8%
$726,240
$1,312,869
Loan Balance
I.O
$657,000
$657,000
$69,240
$655,869
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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
