Withheld
$92,039
"Located in a Residential Growth Zone on a bustling main road, this stunning property offers a rare opportunity for investors, commercial buyers, or families seeking the perfect home. With easy access to public transportation and major highways, this property is an ideal choice for anyone looking for convenient living. Boasting exceptional potential for a variety of uses, this property is a mustsee. As you enter the property, youll be greeted by a spacious living area that sets the tone for the rest of the home. This stunning property features three generously sized bedrooms that offer ample space for relaxation and rest. Perfect for families or anyone in need of extra space, this property is designed to accommodate a wide range of needs. The prime location of this property makes it an excellent opportunity for commercial buyers seeking high visibility and foot traffic. The propertys limitless potential makes it a wise investment for investors seeking to capitalize on the thriving local market. Dont miss out on the chance to own a piece of prime real estate in one of the most soughtafter locations. Book a viewing today and experience the allure of this extraordinary property for yourself. Terms 10 deposit, balance 30456090120 days"
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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
Retail Trade - 14.0%
Education and Training - 14.0%
Construction - 11.0%
Health Care and Social Assistance - 10.0%
Others - 51.0%
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
5.3%
49.7%
-
-
-$130,000
-$16,871
3.0%
2.0%
-14.7%
6.0%
Asking Price
$590,000
Estimated Purchase Price
$615,000
Stamp Duty
$31,970
Transfer Fee
$1,545
Conveyancing
$1,196
Deposit (10%)
$61,500
Reg. Mortgage
$129
LMI Premium
$17,536
Renovation Costs
-
Total Cash/Equity Required
$114,425
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
$1,584
$2,067
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
$12,430
$18,266
Interest Repayments
$36,531
$36,531
Net Cashflow Before Tax
-$24,101
-$18,265
Depreciation
-
-
Tax Offset
-$7,230
-$5,480
Net Cashflow After Tax
-$16,871
-$12,786
Assumptions
Year 1
Year 10
Property Value
6.8%
$517,980
$936,385
Loan Balance
I.O
$553,500
$553,500
-$35,520
$382,885
Did you know you need to engage a conveyancer when buying a property?
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