$579K
$107,745
"This comfortable brick veneer 4 bedrooms with L shaped dining and lounge separate family room Outdoor entertaining, carport low maintenance garden Just minutes walk to shops and school, inspection a must Please note the property is currently tenanted and the photos provided are pre tenancy photos"
Below are some similar properties in the area you may be interested in.
-
88.3%
$460K
6.8%
-$230,000
-$16,053
3.1%
2.0%
-14.9%
6.0%
Asking Price
$579,000
Estimated Purchase Price
$580,000
Stamp Duty
$29,870
Transfer Fee
$1,463
Conveyancing
$1,196
Deposit (10%)
$58,000
Reg. Mortgage
$129
LMI Premium
$16,538
Renovation Costs
-
Total Cash/Equity Required
$107,745
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
Rates
+3.0% PA
$2,014
$2,628
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
$11,520
$17,022
Interest Repayments
$34,452
$34,452
Net Cashflow Before Tax
-$22,932
-$17,430
Depreciation
-
-
Tax Offset
-$6,880
-$5,229
Net Cashflow After Tax
-$16,053
-$12,201
Assumptions
Year 1
Year 10
Property Value
6.8%
$373,800
$675,741
Loan Balance
I.O
$522,000
$522,000
-$148,200
$153,741
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
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply