$411K
$65,622
Confidence
High
High
$430,000
Medium
$410,000
Low
$390,000
Confidence
High
"This affordable and conveniently located twobedroom apartment 1 car space offers a comfortable environment with spacious open plan living, dining and kitchen with natural sunlight all day. Positioned in a fantastic location close to parks, schools, transport and all amenities. Lutana is fast becoming one of the most popular suburbs with its affordability and proximity to the Hobart CBD. Buy in Lutana now before prices continue to escalate. Fantastic first home or investment Residential or short stay accommodation Estimated rental return of 395 to 465 per week Open plan living Plenty of natural light Well maintained complex Fully furnished kitchen nice and neat Serviced by reverse cycle heat pump Two wellappointed bedrooms Double glazed windows in bedrooms Private balcony perfect for entertaining Close to schools, transport and services Under 8 minutes to the Hobart CBD Council Rates 791.11 per annum Approx. Water Rates 972 per annum Approx. Body Corporate Fees 2500 per annum"
2.2%
70.3%
$552K
5%
$5,000
-$6,426
5.4%
3.7%
-9.7%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$411,000
Estimated Purchase Price
$405,000
Stamp Duty
$14,210
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$40,500
Reg. Mortgage
$152
LMI Premium
$8,953
Renovation Costs
-
Total Cash/Equity Required
$66,445
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
$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
$14,877
$21,772
Interest Repayments
$24,057
$24,057
Net Cashflow Before Tax
-$9,180
-$2,285
Depreciation
-
-
Tax Offset
-$2,754
-$685
Net Cashflow After Tax
-$6,426
-$1,599
Assumptions
Year 1
Year 10
Property Value
6.8%
$437,880
$791,583
Loan Balance
I.O
$364,500
$364,500
$73,380
$427,083
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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
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price