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$480K
$92,962
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$480,000
Medium
$450,000
Low
$420,000
Confidence
Medium
Discover a modernized North Newborough home that fits perfectly for first-time buyers or those seeking convenience and readiness. This property features three bedrooms with an option for a fourth or a master retreat. An updated bathroom includes both a shower and a bath. The laminate kitchen comes with a practical island bench and a walk-in pantry. Enjoy the comfort of a light-filled living room equipped with split system heating and cooling. Outdoor enthusiasts will appreciate the enclosed entertaining area with a built-in BBQ and an outdoor toilet. The property also offers ample parking with an enclosed carport, garage, and separate workshop, all set within a secure, landscaped yard. Conveniently located near schools, parklands, and local shops.
Trusted by over 13k property buyers and counting...
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74.7%
$391K
5.1%
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Try Picki for FREE-$60,000
-$6,092
5.6%
Asking Price
$480,000
Estimated Purchase Price
$510,000
Stamp Duty
$25,670
Transfer Fee
$1,299
Conveyancing
$1,196
Deposit (10%)
$51,000
Reg. Mortgage
$129
LMI Premium
$11,274
Renovation Costs
-
Total Cash/Equity Required
$91,118
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$1,542
$2,012
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
$21,591
$31,300
Interest Repayments
$30,294
$30,294
Net Cashflow Before Tax
-$8,703
$1,006
Depreciation
-
-
Tax Offset
-$2,611
$302
Net Cashflow After Tax
-$6,092
$704
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$459,000
$459,000
$21,600
$409,810
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2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Retail Trade - 12.0%
Public Administration and Safety - 9.0%
Education and Training - 8.0%
Others - 55.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2025 to 2027
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % 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
