$645K
$130,648
Confidence
High
-
Medium
-
Low
-
Confidence
Below are some similar properties in the area you may be interested in.
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.
2016 Population
Suburbs
Retail Trade - 12.0%
Education and Training - 12.0%
Manufacturing - 10.0%
Health Care and Social Assistance - 10.0%
Others - 56.0%
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
-
68.4%
$770K
4.1%
$60,000
-$17,608
3.3%
2.4%
-13.5%
6.0%
Asking Price
$660,000
Estimated Purchase Price
$700,000
Stamp Duty
$37,070
Transfer Fee
$1,744
Conveyancing
$1,196
Deposit (10%)
$70,000
Reg. Mortgage
$129
LMI Premium
$19,960
Renovation Costs
-
Total Cash/Equity Required
$130,648
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
$1,907
$2,488
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
$16,426
$23,993
Interest Repayments
$41,580
$41,580
Net Cashflow Before Tax
-$25,154
-$17,587
Depreciation
-
-
Tax Offset
-$7,546
-$5,276
Net Cashflow After Tax
-$17,608
-$12,311
Assumptions
Year 1
Year 10
Property Value
6.8%
$811,680
$1,467,324
Loan Balance
I.O
$630,000
$630,000
$181,680
$837,324
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