$490K
$87,428
"Youve discovered an outstanding property in an ideal location, brimming with development potential. The preapproved planning permits and concept drawings for an additional building at the rear of the existing dwelling enhance its appeal even further. Soldiers Hill is a lively and convenient suburb, with amenities and transportation close by. The updated 3bedroom home on the property adds significant value. With all essentials within walking distance and a short commute to Ballarat CBD, this property represents an excellent investment opportunity. Potential NDIS residence STCA."
Below are some similar properties in the area you may be interested in.
-
64.4%
-
-
$25,000
-$13,030
3.8%
2.6%
-13.2%
6.0%
Asking Price
$550,000
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
$20,800
$29,605
Property Management
+7.7% PA
$1,602
$2,280
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
$14,056
$20,616
Interest Repayments
$32,670
$32,670
Net Cashflow Before Tax
-$18,614
-$12,054
Depreciation
-
-
Tax Offset
-$5,584
-$3,616
Net Cashflow After Tax
-$13,030
-$8,438
Assumptions
Year 1
Year 10
Property Value
6.8%
$614,100
$1,110,147
Loan Balance
I.O
$495,000
$495,000
$119,100
$615,147
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
Health Care and Social Assistance - 19.0%
Retail Trade - 12.0%
Education and Training - 11.0%
Manufacturing - 9.0%
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