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$1.5M
$284,926
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,650,000
Medium
$1,500,000
Low
$1,350,000
Confidence
Medium
This beautifully renovated home in McCrae offers luxurious living on a spacious 1517sqm block. With breathtaking bay views and modern finishes, it features 3 bedrooms, a master suite, 2 lounge rooms, and a state-of-the-art kitchen with a butlers pantry. The property is ideal for Airbnb or permanent stay, with furniture included if desired. Enjoy professional landscaping, three outdoor entertaining areas, and ample parking. Just over an hour from Melbourne CBD, it's perfectly positioned near local amenities and attractions.
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Try Picki for FREELocation, 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
Retail Trade - 14.0%
Health Care and Social Assistance - 14.0%
Construction - 11.0%
Accommodation and Food Services - 10.0%
Others - 51.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2025 to 2027
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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
0%
92.5%
$1.11M
3.3%
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Try Picki for FREE-$180,000
-$54,678
1.7%
Asking Price
$1,680,000
Estimated Purchase Price
$1,680,000
Stamp Duty
$92,400
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$168,000
Reg. Mortgage
$129
LMI Premium
$52,568
Renovation Costs
-
Total Cash/Equity Required
$318,458
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$1,452
$1,895
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
$21,681
$31,418
Interest Repayments
$99,792
$99,792
Net Cashflow Before Tax
-$78,111
-$68,374
Depreciation
-
-
Tax Offset
-$23,433
-$20,512
Net Cashflow After Tax
-$54,678
-$47,862
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,602,000
$2,896,035
Loan Balance
I.O
$1,512,000
$1,512,000
$90,000
$1,384,035
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