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$545K
$87,428
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High
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Medium
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Low
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Confidence
Discover a rare opportunity in central Ballarat at 62 Rowe Street, Black Hill. This charming three-bedroom home offers picturesque views and sits on a substantial 1765 sqm of land. Within walking distance to the CBD, GovHub, a train station, and local eateries, this property promises convenience and potential. The fast-developing neighborhood presents the option to build your dream home or subdivide, subject to council approval. Plans for a new home are available upon request. Seize this unique opportunity in a desirable location.
Trusted by over 13k property buyers and counting...
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54.5%
$500K
4.1%
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Try Picki for FREE$70,000
-$12,358
4.0%
Asking Price
$595,000
Estimated Purchase Price
$550,000
Stamp Duty
$28,070
Transfer Fee
$1,393
Conveyancing
$1,196
Deposit (10%)
$55,000
Reg. Mortgage
$129
LMI Premium
$12,158
Renovation Costs
-
Total Cash/Equity Required
$98,496
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
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
$15,016
$21,982
Interest Repayments
$32,670
$32,670
Net Cashflow Before Tax
-$17,654
-$10,688
Depreciation
-
-
Tax Offset
-$5,296
-$3,206
Net Cashflow After Tax
-$12,358
-$7,481
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$662,160
$1,197,028
Loan Balance
I.O
$495,000
$495,000
$167,160
$702,028
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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
Health Care and Social Assistance - 19.0%
Retail Trade - 12.0%
Education and Training - 11.0%
Manufacturing - 9.0%
Others - 49.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % 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
