$370K
$73,595
"This property is in the growing town of Poowong, where your rural living dream begins. This light filled weatherboard home features a open plan kitchen, dining with separate living area. The bathroom has been updated with the addition of a rear sunroom. High ceilings, picture rails and floorboards ensure the history of this home hasnt been lost. Generous sized bedrooms, electric cooking, 3x split system cooling heater to keep you comfortable all year round. Outside, the 989m2 block allows easy access to the backyard with ample room for a shed and parking. Whether you are looking for a place to call home or the opportunity to develop the property shouldnt be overlooked."
-
87.8%
$555K
5%
-$90,000
-$9,240
4.3%
2.6%
-13.1%
6.0%
Asking Price
$370,000
Estimated Purchase Price
$400,000
Stamp Duty
$19,070
Transfer Fee
$1,042
Conveyancing
$1,196
Deposit (10%)
$40,000
Reg. Mortgage
$129
LMI Premium
$8,842
Renovation Costs
-
Total Cash/Equity Required
$70,829
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$17,160
$24,424
Property Management
+7.7% PA
$1,321
$1,881
Rates
+3.0% PA
$2,014
$2,628
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
$10,560
$15,655
Interest Repayments
$23,760
$23,760
Net Cashflow Before Tax
-$13,200
-$8,105
Depreciation
-
-
Tax Offset
-$3,960
-$2,431
Net Cashflow After Tax
-$9,240
-$5,673
Assumptions
Year 1
Year 10
Property Value
6.8%
$331,080
$598,514
Loan Balance
I.O
$360,000
$360,000
-$28,920
$238,514
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
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
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