$1.2M
$202,702
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
Manufacturing - 14.0%
Health Care and Social Assistance - 13.0%
Agriculture, Forestry and Fishing - 12.0%
Retail Trade - 9.0%
Others - 52.0%
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
-
55.7%
$718K
2.4%
-$740,000
+
7.0%
6.0%
0.3%
6.0%
Asking Price
$1,200,000
Estimated Purchase Price
$1,110,000
Stamp Duty
$61,050
Transfer Fee
$2,703
Conveyancing
$1,196
Deposit (10%)
$111,000
Reg. Mortgage
$129
LMI Premium
$31,650
Renovation Costs
-
Total Cash/Equity Required
$208,278
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$78,000
$111,018
Property Management
+7.7% PA
$6,006
$8,548
Rates
+3.0% PA
$1,811
$2,363
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
$66,918
$95,847
Interest Repayments
$65,934
$65,934
Net Cashflow Before Tax
$984
$29,913
Depreciation
-
-
Tax Offset
$295
$8,974
Net Cashflow After Tax
$689
$20,939
Assumptions
Year 1
Year 10
Property Value
6.8%
$395,160
$714,355
Loan Balance
I.O
$999,000
$999,000
-$603,840
-$284,645
Did you know you need to engage a conveyancer when buying a property?
Request a free contract review