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$795K
$167,864
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Try Picki for FREEConfidence
High
High
$1,260,000
Medium
$1,150,000
Low
$1,040,000
Confidence
Medium
Discover a unique opportunity to build your dream home on this expansive 950sqm vacant allotment. Nestled on the Mornington Peninsula, this property offers breathtaking views of Port Phillip Bay. Envision waking up to tranquil birdsong and the dynamic horizon of the bay, creating a perfect setting for both family life and architectural expression. Situated in an idyllic location, the land promises an immersive experience blending nature with lifestyle.
Trusted by over 13k property buyers and counting...
Try Picki for FREELocation, 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
Retail Trade - 14.0%
Health Care and Social Assistance - 14.0%
Construction - 11.0%
Accommodation and Food Services - 10.0%
Others - 51.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
Below are some similar properties in the area you may be interested in.
0%
91.2%
$1.13M
2.3%
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Try Picki for FREE-$85,000
-$34,495
2.5%
Asking Price
$1,150,000
Estimated Purchase Price
$1,235,000
Stamp Duty
$67,925
Transfer Fee
$2,996
Conveyancing
$1,196
Deposit (10%)
$123,500
Reg. Mortgage
$129
LMI Premium
$38,644
Renovation Costs
-
Total Cash/Equity Required
$234,939
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
Rates
+3.0% PA
$1,452
$1,895
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
$24,081
$34,833
Interest Repayments
$73,359
$73,359
Net Cashflow Before Tax
-$49,278
-$38,526
Depreciation
-
-
Tax Offset
-$14,784
-$11,558
Net Cashflow After Tax
-$34,495
-$26,968
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,228,200
$2,220,293
Loan Balance
I.O
$1,111,500
$1,111,500
$116,700
$1,108,793
