$519K
$82,817
"This charming home in Lake Gardens is one of the areas finest, offering both style and comfort in a beautiful and quiet treelined street. This home has three generously sized bedrooms. Experience abundant space with a walkthrough bathroom from the master bedroom, offering both convenience and privacy. The expansive Northfacing living room is bathed in natural light, fostering a welcoming and cozy ambiance. Conveniently located just a brief stroll from Lake Wendouree, the botanical gardens, and with easy access to public transport, the train station, and Stockland Shopping Centre. A sound investment opportunity with a newly secured 12 month lease at 420 per week. Every precaution has been taken to establish the accuracy of the above information. However, prospective purchasers are advised to carry out their own due diligence"
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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
Health Care and Social Assistance - 19.0%
Retail Trade - 12.0%
Education and Training - 11.0%
Manufacturing - 9.0%
Others - 49.0%
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
-
70.2%
$656K
3.4%
$260,000
-$8,439
4.9%
3.4%
-9.9%
6.0%
Asking Price
$519,000
Estimated Purchase Price
$480,000
Stamp Duty
$23,870
Transfer Fee
$1,229
Conveyancing
$1,196
Deposit (10%)
$48,000
Reg. Mortgage
$129
LMI Premium
$10,611
Renovation Costs
-
Total Cash/Equity Required
$85,584
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,877
$2,449
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$16,456
$24,032
Interest Repayments
$28,512
$28,512
Net Cashflow Before Tax
-$12,056
-$4,480
Depreciation
-
-
Tax Offset
-$3,617
-$1,344
Net Cashflow After Tax
-$8,439
-$3,136
Assumptions
Year 1
Year 10
Property Value
6.8%
$790,320
$1,428,711
Loan Balance
I.O
$432,000
$432,000
$358,320
$996,711
Did you know you need to engage a conveyancer when buying a property?
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