$630K
$116,334
"This property is a great option for a family looking for a spacious and relaxed living environment in the Mount Helen area. The large block size and proximity to a forest area provides plenty of opportunities for outdoor activities and exploration. The two living areas, one of which could be used as a home office or rumpus room, gives the family flexibility in how they use the space. The covered deck and glassedoff sauna are great features for those who enjoy relaxation and wellness activities. The three bedrooms with builtin or walkin robes provide ample storage space for the familys belongings. The external features such as vegetable beds, sheds, and water tanks also provide useful additions to the property. The location of the property, with easy access to shopping, university, transport, and business centres, would make it convenient for daily life. Overall, this property offers a great combination of space, features, and location for a family looking to settle in the Mount Helen area. Come and have a look at your next home"
Below are some similar properties in the area you may be interested in.
-
70.4%
$554K
4.6%
$115,000
-$14,468
3.7%
2.6%
-12.4%
6.0%
Asking Price
$630,000
Estimated Purchase Price
$625,000
Stamp Duty
$32,570
Transfer Fee
$1,568
Conveyancing
$1,196
Deposit (10%)
$62,500
Reg. Mortgage
$129
LMI Premium
$17,821
Renovation Costs
-
Total Cash/Equity Required
$116,334
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
$1,877
$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
$16,456
$24,032
Interest Repayments
$37,125
$37,125
Net Cashflow Before Tax
-$20,669
-$13,093
Depreciation
-
-
Tax Offset
-$6,201
-$3,928
Net Cashflow After Tax
-$14,468
-$9,165
Assumptions
Year 1
Year 10
Property Value
6.8%
$790,320
$1,428,711
Loan Balance
I.O
$562,500
$562,500
$227,820
$866,211
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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
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