$959K
$157,367
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High
High
$1,030,000
Medium
$959,000
Low
$930,000
Confidence
Medium
$450/week
Street Statistics
Public Housing (%)
0%
Owner Occupiers (%)
83.1%
Median Street Sold Price
$730K
Median Street Rental Yield
2.7%
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Property
Very Good
Street
Average
Suburb
Very Good
Overall
Very Good
Under Market Value
$120,000
Net Cashflow PA
-$23,203
Gross Yield
2.8%
Purchase Costs
Asking Price
$959,000
Estimated Purchase Price
$840,000
Stamp Duty
$45,470
Transfer Fee
$2,071
Conveyancing
$1,196
Deposit (10%)
$84,000
Reg. Mortgage
$129
LMI Premium
$23,952
Renovation Costs
-
Total Cash/Equity Required
$157,367
Income Statement (Cashflow)
Income
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Expenses
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,584
$2,067
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
$16,749
$24,414
Interest Repayments
$49,896
$49,896
Net Cashflow Before Tax
-$33,147
-$25,482
Depreciation
-
-
Tax Offset
-$9,944
-$7,645
Net Cashflow After Tax
-$23,203
-$17,837
Balance Sheet
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Try Picki for FREEAssets
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,025,280
$1,853,462
Liabilities
Loan Balance
I.O
$756,000
$756,000
Net Equity
$269,280
$1,097,462
Property Inspection Report
Property Overview
275 Gisborne-Melton Road, Kurunjang is a luxurious home tailored for entertainment, set on a substantial 1155m2 plot. It features four bedrooms with built-in robes, a master suite with a walk-in robe and ensuite, and multiple living zones. A Coonara fireplace anchors the living area, enhancing the open-plan design. The kitchen, with its modern appliances and walk-in pantry, is perfect for cooking enthusiasts. Outside, a Merbau decked pergola and enclosed space, complete with fireplace and bar, make for an ideal event setting. The property boasts a manicured garden, powered shed, and extensive car storage, complemented by amenities like ducted heating and evaporative cooling. Its location near key facilities adds to its appeal.
Inspection Checklist
- Verify property measurements and land size (1155m2).
- Confirm condition and maintenance of built-in robes.
- Assess the functionality of the Coonara fireplace.
- Inspect the condition of kitchen appliances and cabinetry.
- Examine the main bathroom renovation quality.
- Check the integrity of the pergola and decking area.
- Confirm the power supply and structural integrity of the shed.
- Evaluate the condition of the double garage and carport.
- Test gas ducted heating and evaporative cooling systems.
- Inspect the laundry for accessibility and functionality.
- Investigate the water tank capacity and usage.
- Examine proximity and accessibility to local amenities.
Questions for Agent
- Can you confirm the exact land size and property dimensions?
- What is the current condition of the built-in and walk-in robes?
- How recently was the central bathroom renovated?
- Can you provide more details about the kitchen appliances?
- Is there any recent maintenance or repair work on the Coonara fireplaces?
- What materials were used for the pergola and decking area?
- Can you verify the power and construction details of the shed?
- Are there any ongoing issues with the gas ducted heating or evaporative cooling?
- How often is the water tank utilized and what capacity is it currently at?
- Can you describe the ease of access to the garage and carport?
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Location Opportunity
City of Melton statistics
Location, 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.
178,960
2021 Population
18
Suburbs
Demand
Employment
Em
New project
Pr
lifestyle
Li
population
Po
Supply
New Supply
Su
Opportunity
Opportunity
Op
Em
Employment Industries
Diverse
Retail Trade - 14.0%
Education and Training - 14.0%
Construction - 11.0%
Health Care and Social Assistance - 10.0%
Others - 51.0%
income growth
Low
Average Income
COMMUTE TIME
29mins
15kms
Good
Pr
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Li
Po
Population Growth
Average Population
POPULATION vs SUPPLY
Under Supply
Projected Population Growth
15.2%
projected
for 2025 to 2027
Very High
Su
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1.9%
High
SALES PRICE GROWTH
Monthly % Change in Median House Prices (Prev. Quarter)
RENTAL YIELD
Excellent
Average Rental Yield
VACANCY RATE
Very Good
Average Vacancy Rate
Days of Supply
Very Good
Average Days of Supply
Owner Occupier Level
No data available
VENDOR DISCOUNTING
Very Good
Average Population
Pricing
Sold Price
Asking Price
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