$650K
$125,876
"Fantastic block in a quiet location just an easy stroll to the shops, schools and transport. Forget the house its not much good this property is all about the land and has 19m frontage. Rectangular level block of approx. 719m2 allows for 3 townhouse development STCA to build. Current house rental potential is around 300 per week, till you start development."
Below are some similar properties in the area you may be interested in.
-
54.9%
$801K
3.7%
$70,000
-$11,291
4.6%
3.5%
-9.0%
6.0%
Asking Price
$650,000
Estimated Purchase Price
$675,000
Stamp Duty
$35,570
Transfer Fee
$1,685
Conveyancing
$1,196
Deposit (10%)
$67,500
Reg. Mortgage
$129
LMI Premium
$19,247
Renovation Costs
-
Total Cash/Equity Required
$125,876
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
Rates
+3.0% PA
$1,567
$2,045
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
$23,966
$34,683
Interest Repayments
$40,095
$40,095
Net Cashflow Before Tax
-$16,129
-$5,412
Depreciation
-
-
Tax Offset
-$4,839
-$1,624
Net Cashflow After Tax
-$11,291
-$3,788
Assumptions
Year 1
Year 10
Property Value
6.8%
$795,660
$1,438,364
Loan Balance
I.O
$607,500
$607,500
$188,160
$830,864
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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 - 16.0%
Health Care and Social Assistance - 13.0%
Education and Training - 12.0%
Construction - 10.0%
Others - 49.0%
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