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$630K
$104,883
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Try Picki for FREEConfidence
High
High
$680,000
Medium
$650,000
Low
$620,000
Confidence
Medium
Nestled in the highly desired area of The Grove, this property offers convenience with its proximity to Caroline Springs Square and nearby schools, Creekside College and Brookside College. It features three inviting bedrooms, including a master suite with an ensuite and walk-in robe. The bright kitchen leads to a spacious dining and family area filled with natural light and opens onto a landscaped, low-maintenance backyard. The home also includes heating, cooling, and a single garage with internal access, ideal for first-time buyers, investors, or those looking to downsize.
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75.9%
$735K
3.9%
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Try Picki for FREE$60,000
-$9,448
4.8%
Asking Price
$640,000
Estimated Purchase Price
$590,000
Stamp Duty
$30,470
Transfer Fee
$1,486
Conveyancing
$1,196
Deposit (10%)
$59,000
Reg. Mortgage
$129
LMI Premium
$16,823
Renovation Costs
-
Total Cash/Equity Required
$109,654
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
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
$21,549
$31,245
Interest Repayments
$35,046
$35,046
Net Cashflow Before Tax
-$13,497
-$3,801
Depreciation
-
-
Tax Offset
-$4,049
-$1,140
Net Cashflow After Tax
-$9,448
-$2,660
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$694,200
$1,254,948
Loan Balance
I.O
$531,000
$531,000
$163,200
$723,948
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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
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
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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
