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$499K
$94,806
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Try Picki for FREEConfidence
High
High
$500,000
Medium
$475,000
Low
$450,000
Confidence
Medium
Discover your dream home in a picturesque setting that blends modern living with practicality. This charming house features three bedrooms, including a spacious master bedroom with an ensuite and a walk-in robe. Enjoy a light-filled kitchen, dining, and living area equipped with gas cooking appliances, a dishwasher, and ample storage. The main bathroom boasts a bath, separate shower, and a roomy vanity. Set on a generous 654sqm block, the property has landscaped gardens perfect for children and pets. A paved entertaining area adds allure for hosting guests. Additional living space can serve as a kids' retreat. Ample car accommodation includes a double carport and extra shedding accessible from the rear lane. Located in Mount Clear, just minutes from Ballarat CBD, the home offers proximity to quality schools and shopping centers. Currently leased at $360 per week, this property is a gem for first home buyers, young families, or investors.
Trusted by over 13k property buyers and counting...
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70.3%
$450K
5.9%
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Try Picki for FREE-$55,000
-$11,526
4.1%
Asking Price
$499,000
Estimated Purchase Price
$530,000
Stamp Duty
$26,870
Transfer Fee
$1,346
Conveyancing
$1,196
Deposit (10%)
$53,000
Reg. Mortgage
$129
LMI Premium
$11,716
Renovation Costs
-
Total Cash/Equity Required
$94,807
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
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
$15,016
$21,982
Interest Repayments
$31,482
$31,482
Net Cashflow Before Tax
-$16,466
-$9,500
Depreciation
-
-
Tax Offset
-$4,940
-$2,850
Net Cashflow After Tax
-$11,526
-$6,650
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$507,300
$917,078
Loan Balance
I.O
$477,000
$477,000
$30,300
$440,078
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
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
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
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