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$535K
$89,490
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High
-
Medium
-
Low
-
Confidence
This property in Norwood offers an ideal first home or development opportunity. Enjoy the luxury of a modern, renovated interior with spacious open-plan living. A stylish kitchen with quality appliances and dining with views of the golf course create an inviting atmosphere. Bedrooms are roomy with built-in wardrobes and new carpeting. The bathroom boasts a large walk-in shower and a second toilet for convenience. With side access to a fully fenced backyard, there's ample room for development (subject to council approval). It's close to schools, local IGA, and just minutes from major shopping centers.
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80.5%
$520K
5.5%
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Try Picki for FREE$5,000
-$12,213
4.0%
Asking Price
$535,000
Estimated Purchase Price
$540,000
Stamp Duty
$19,948
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$54,000
Reg. Mortgage
$152
LMI Premium
$11,937
Renovation Costs
-
Total Cash/Equity Required
$88,667
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+8.8% PA
$1,922
$2,735
Rates
+3.0% PA
$2,089
$2,726
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
$14,629
$21,449
Interest Repayments
$32,076
$32,076
Net Cashflow Before Tax
-$17,447
-$10,627
Depreciation
-
-
Tax Offset
-$5,234
-$3,188
Net Cashflow After Tax
-$12,213
-$7,439
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$582,060
$1,052,226
Loan Balance
I.O
$486,000
$486,000
$96,060
$566,226
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 - 18.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Accommodation and Food Services - 8.0%
Others - 49.0%
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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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
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