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Withheld
$1,746
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Try Picki for FREEConfidence
High
High
$980,000
Medium
$950,000
Low
$920,000
Confidence
Medium
This promising property sits at approximately 638sqm in a fast-evolving residential area. The neat three-bedroom home, complete with a quality timber kitchen and garage, offers an excellent opportunity for developers and family builders. While the area is buzzing with prestige developments and new family homes, this location is ideal for anyone seeking proximity to vibrant amenities. Families will appreciate the nearby schools, Westall Primary and Secondary College, while young professionals find Monash University and Medical Centre conveniently located. This central spot ensures quick access to Claytons' hospitality hub and major roadways like the M1 and Princes Highway, facilitating easy commuting to the CBD and surrounding areas.
Trusted by over 13k property buyers and counting...
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48.1%
$902K
3.4%
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Try Picki for FREE$70,000
-$21,616
3.3%
Asking Price
$950,000
Estimated Purchase Price
$880,000
Stamp Duty
$47,870
Transfer Fee
$2,165
Conveyancing
$1,196
Deposit (10%)
$88,000
Reg. Mortgage
$129
LMI Premium
$25,092
Renovation Costs
-
Total Cash/Equity Required
$165,001
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
$1,741
$2,272
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
$21,392
$31,041
Interest Repayments
$52,272
$52,272
Net Cashflow Before Tax
-$30,880
-$21,231
Depreciation
-
-
Tax Offset
-$9,264
-$6,369
Net Cashflow After Tax
-$21,616
-$14,862
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,014,600
$1,834,155
Loan Balance
I.O
$792,000
$792,000
$222,600
$1,042,155
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2021 Population
Suburbs
Manufacturing - 19.0%
Retail Trade - 13.0%
Health Care and Social Assistance - 8.0%
Construction - 8.0%
Others - 52.0%
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
