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$1.2M
$218,905
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Try Picki for FREEConfidence
High
High
$1,200,000
Medium
$1,150,000
Low
$1,100,000
Confidence
Medium
This beautifully presented home in Dromana offers a prime beachside residence with spectacular views. Designed for upside-down living to maximize the scenery, the property features spacious rooms, high ceilings, and landscaped grounds. It's ideal for family living or as a seaside retreat, located just 500m from the beach and near shops, cafes, a primary school, and freeway access. The home boasts a modern stone kitchen with high-end appliances, a bright living-dining area that opens to a balcony, and flexible room use including a sunlit 4th bedroom. Practical elements include a main bedroom ensuite, family bathroom, fitted laundry, ducted heating, and a private garden, supported by ample parking and a double garage.
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Try Picki for FREELocation, 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%
Health Care and Social Assistance - 14.0%
Construction - 11.0%
Accommodation and Food Services - 10.0%
Others - 51.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
Below are some similar properties in the area you may be interested in.
0%
78.7%
$1.53M
3%
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-$29,697
2.9%
Asking Price
$1,200,000
Estimated Purchase Price
$1,160,000
Stamp Duty
$63,800
Transfer Fee
$2,820
Conveyancing
$1,196
Deposit (10%)
$116,000
Reg. Mortgage
$129
LMI Premium
$36,297
Renovation Costs
-
Total Cash/Equity Required
$220,791
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
Rates
+3.0% PA
$1,452
$1,895
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
$26,480
$38,249
Interest Repayments
$68,904
$68,904
Net Cashflow Before Tax
-$42,424
-$30,655
Depreciation
-
-
Tax Offset
-$12,727
-$9,196
Net Cashflow After Tax
-$29,697
-$21,458
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,228,200
$2,220,293
Loan Balance
I.O
$1,044,000
$1,044,000
$184,200
$1,176,293
