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$595K
$93,884
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Try Picki for FREEConfidence
High
High
$600,000
Medium
$570,000
Low
$540,000
Confidence
Not Found
706 Norman Street in Invermay Park combines modern living with comfort in a beautifully renovated 3-bedroom, 1-bathroom home. The interior features stylish floorboards, spacious walk-in robes, a modern kitchen, and secure parking behind an electric gate. Climate control includes a split system and a ceiling fan in the living room. Conveniently located across from local shops, the property also includes a self-contained granny flat at the rear for versatile use. Situated on a generous 749 square meter lot, this property offers plenty of outdoor space.
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88.4%
$511K
5.2%
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Try Picki for FREE$45,000
-$25,429
-
Asking Price
$595,000
Estimated Purchase Price
$525,000
Stamp Duty
$26,570
Transfer Fee
$1,334
Conveyancing
$1,196
Deposit (10%)
$52,500
Reg. Mortgage
$129
LMI Premium
$11,606
Renovation Costs
-
Total Cash/Equity Required
$93,884
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
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
-$5,142
-$6,709
Interest Repayments
$31,185
$31,185
Net Cashflow Before Tax
-$36,327
-$37,894
Depreciation
-
-
Tax Offset
-$10,898
-$11,368
Net Cashflow After Tax
-$25,429
-$26,526
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Year 1
Year 10
Property Value
6.8%
$608,760
$1,100,493
Loan Balance
I.O
$472,500
$472,500
$136,260
$627,993
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.
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
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
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