$290K
$54,466
"How good is the position Dont stress about having to drop the kids to school, literally open the door and wave them goodbye Even better, you know they only have to cross the road and theyre home safe the convenience in position cant get much better than that This classic home, wrapped in a weatherboard cladding facade, offers convenience for young families and will attract investors for the same reasons. Renovated internally with a modern kitchen bathroom, designed with a formal lounge space, separate meals area and three bedrooms plus study or small fourth bedroom. There is plenty of car accommodation space and at the affordable price for first home buyers this one provides a great opportunity to enter the market."
Below are some similar properties in the area you may be interested in.
-
72.9%
$260K
10%
-$20,000
-$5,889
5.4%
3.2%
-11.2%
6.0%
Asking Price
$290,000
Estimated Purchase Price
$310,000
Stamp Duty
$13,670
Transfer Fee
$831
Conveyancing
$1,196
Deposit (10%)
$31,000
Reg. Mortgage
$129
LMI Premium
$5,297
Renovation Costs
-
Total Cash/Equity Required
$52,672
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$16,640
$23,684
Property Management
+7.7% PA
$1,281
$1,824
Rates
+3.0% PA
$2,093
$2,731
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
$10,001
$14,869
Interest Repayments
$18,414
$18,414
Net Cashflow Before Tax
-$8,413
-$3,545
Depreciation
-
-
Tax Offset
-$2,524
-$1,063
Net Cashflow After Tax
-$5,889
-$2,481
Assumptions
Year 1
Year 10
Property Value
6.8%
$309,720
$559,900
Loan Balance
I.O
$279,000
$279,000
$30,720
$280,900
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 - 14.0%
Retail Trade - 13.0%
Agriculture, Forestry and Fishing - 10.0%
Education and Training - 9.0%
Others - 54.0%
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