$1.6M
$315,290
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$1,800,000
Medium
$1,600,000
Low
$1,400,000
Confidence
Not Found
Take advantage of an exceptional development opportunity in Glenorchy, Tasmania, just 15 minutes from Hobart CBD. This substantial parcel spans nearly 9700sqm, zoned for general residential purposes, and comes with DA approval for 8 lots, paving the way for up to 22 dwellings. Conveniently located near Northgate Shopping Centre and educational institutions, this site stands at the forefront of Hobart's growth surge fueled by housing demand and supportive government development incentives.
Trusted by over 13k property buyers and counting...
Try Picki for FREE14.6%
58.4%
$558K
5.8%
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Try Picki for FREE-$200,000
-$78,373
-
Asking Price
$1,600,000
Estimated Purchase Price
$1,800,000
Stamp Duty
$76,185
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$180,000
Reg. Mortgage
$152
LMI Premium
$56,323
Renovation Costs
-
Total Cash/Equity Required
$315,290
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
$106,920
$106,920
Net Cashflow Before Tax
-$111,961
-$113,497
Depreciation
-
-
Tax Offset
-$33,588
-$34,049
Net Cashflow After Tax
-$78,373
-$79,448
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,708,800
$3,089,104
Loan Balance
I.O
$1,620,000
$1,620,000
$88,800
$1,469,104
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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