$1000K
$214,189
"Build your dream home or re develop this amazing property, in a location that epitomises a premium lifestyle. Whether you are looking for a new home site or a development site this property is for you. This exceptional opportunity also offers an opportunity to use the approved planning permit, for the construction of four luxurious townhouses. The possibilities are endless. Dont miss out on this rare opening to shape the future in one of Melbournes most desirable Bayside suburbs, metres to Highett Village with its assortment of cafes, restaurants, wine bars and the shopping centre, walk to the train, community centre and Moorabbin Primary School, minutes to Southland Shopping Centre and independent schools. Call Claude Mery on 0422 455 848 to inspect."
Below are some similar properties in the area you may be interested in.
-
67.6%
-
-
-$220,000
-$49,761
2.1%
1.7%
-15.7%
6.0%
Asking Price
$1,485,000
Estimated Purchase Price
$1,670,000
Stamp Duty
$91,850
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$167,000
Reg. Mortgage
$129
LMI Premium
$52,255
Renovation Costs
-
Total Cash/Equity Required
$316,595
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$35,880
$51,068
Property Management
+7.7% PA
$2,763
$3,932
Rates
+3.0% PA
$1,741
$2,272
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
$28,111
$40,604
Interest Repayments
$99,198
$99,198
Net Cashflow Before Tax
-$71,087
-$58,594
Depreciation
-
-
Tax Offset
-$21,326
-$17,578
Net Cashflow After Tax
-$49,761
-$41,015
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,548,600
$2,799,500
Loan Balance
I.O
$1,503,000
$1,503,000
$45,600
$1,296,500
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
Manufacturing - 19.0%
Retail Trade - 13.0%
Health Care and Social Assistance - 8.0%
Construction - 8.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price