$395K
$64,799
"Have you been looking for the perfect block to build your dream home on Located in the heart of the picturesque Tamar Valley, this could be just the place youve been looking for. Situated metres from the Swan Point beach the block has all services connected, including a new septic system recently installed. The new 6x6m shed allows for secure storage of any equipment while you build and makes a great weekend sleep out while you complete your dream home. Importantly, the shed also has approval for a toilet connection. A great option here is the fact that the current owner has house plans available if you choose, with full council approval, and a build permit that has been activated and valid through to Nov 2025. The planned dwelling is a modern, 3 Bed, 2 Bathroom double storey home. What more could you want Located within an easy 30minute commute to Launceston, just 10 minutes from all services in Exeter, including schools, and local shops and eateries at Gravelly Beach. By private inspection."
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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
Education and Training - 14.0%
Retail Trade - 12.0%
Health Care and Social Assistance - 12.0%
Construction - 9.0%
Others - 53.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price
-
95%
$920K
2.8%
$170,000
-$5,450
5.7%
4.0%
-8.1%
6.0%
Asking Price
$410,000
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
$23,400
$33,305
Property Management
+8.8% PA
$2,059
$2,931
Rates
+3.0% PA
$1,572
$2,051
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
$16,569
$24,148
Interest Repayments
$24,354
$24,354
Net Cashflow Before Tax
-$7,785
-$206
Depreciation
-
-
Tax Offset
-$2,336
-$62
Net Cashflow After Tax
-$5,450
-$144
Assumptions
Year 1
Year 10
Property Value
6.8%
$619,440
$1,119,800
Loan Balance
I.O
$369,000
$369,000
$250,440
$750,800
Did you know you need to engage a conveyancer when buying a property?
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