$298K
$56,261
"A wonderful opportunity exists to purchase this neat three bedroom home. The home features an open plan living, dining and kitchen area, with a large hallway connecting the bedrooms, bathroom and laundry. The home is serviced by a ducted reverse cycle air conditioning system. Outside there is a spacious carport and well maintained garden. If you are looking for a property to move straight in to, this one is for you"
Below are some similar properties in the area you may be interested in.
-
75.3%
$120K
10.4%
-$45,000
-$4,993
5.7%
3.8%
-8.9%
6.0%
Asking Price
$298,000
Estimated Purchase Price
$330,000
Stamp Duty
$14,870
Transfer Fee
$878
Conveyancing
$1,196
Deposit (10%)
$33,000
Reg. Mortgage
$129
LMI Premium
$5,639
Renovation Costs
-
Total Cash/Equity Required
$56,261
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,720
$26,644
Property Management
+7.7% PA
$1,441
$2,052
Rates
+3.0% PA
$1,545
$2,016
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
$12,469
$18,317
Interest Repayments
$19,602
$19,602
Net Cashflow Before Tax
-$7,133
-$1,285
Depreciation
-
-
Tax Offset
-$2,140
-$386
Net Cashflow After Tax
-$4,993
-$900
Assumptions
Year 1
Year 10
Property Value
6.8%
$304,380
$550,247
Loan Balance
I.O
$297,000
$297,000
$7,380
$253,247
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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
Agriculture, Forestry and Fishing - 49.0%
Health Care and Social Assistance - 11.0%
Education and Training - 7.0%
Public Administration and Safety - 6.0%
Others - 27.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price