$589K
$104,953
Confidence
Medium
High
$590,000
Medium
$560,000
Low
$530,000
Confidence
Medium
"To enquire, please email or call 1300 815 051 and enter code 0989 Welcome to Bateman Court This beautiful house and land package offers an incredible opportunity for you to make it your own. Enjoy the stunning 2 bedroom, 2 bathroom upper level with a spacious deck, perfect for entertaining or relaxing in the fresh air. With spectacular views and easy access to all amenities, this is the ideal home for a first home buyer or investor looking for their next adventure. Expect 500550 per week makes for good rental return for the savy investor, Dont miss out on this amazing opportunity building to start in August and completion in Dec 2024 To enquire, please email or call 1300 815 051 and enter code 0989"
4.7%
73%
-
-
-$55,000
-$13,498
4.0%
2.8%
-12.9%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$589,000
Estimated Purchase Price
$615,000
Stamp Duty
$23,135
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$61,500
Reg. Mortgage
$152
LMI Premium
$17,536
Renovation Costs
-
Total Cash/Equity Required
$104,953
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,440
$34,786
Property Management
+8.8% PA
$2,151
$3,061
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
$17,248
$25,147
Interest Repayments
$36,531
$36,531
Net Cashflow Before Tax
-$19,283
-$11,384
Depreciation
-
-
Tax Offset
-$5,785
-$3,415
Net Cashflow After Tax
-$13,498
-$7,969
Assumptions
Year 1
Year 10
Property Value
6.8%
$598,080
$1,081,186
Loan Balance
I.O
$553,500
$553,500
$44,580
$527,686
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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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price