Withheld
$162,139
"Pace out the land, start making your plans, take part in the transformation of this fastevolving location. Surrounded by prestige development and new family dream homes in a great value residential locale, this approx 638sqm property with neat threebedroom home with quality timber kitchen and garage is ready to transform Equally appealing for developers and family home builders alike, this fastpaced position offers inspiration of all types with multihome development across the road, dualoccupancy streetfront and frontrear pairs all around, and even an occasional standalone family home too. Secure your site now, bring your vision and watch your new development rise Subject to Council Approval. Whatever your choice, this central location is ready to reward with something for every type of future new home buyer. Families will love proximity to Claytons vibrant hospitality hub just 750m away and to parks and great schools with Westall Primary and Secondary College in Zone.Young professionals will appreciate proximity to Monash University and Medical Centre and an easy CBD commute less than half an hour. And everyone will enjoy this fastpaced position perfect to get everywhere fast with Dandenong within 15 minutes and five stations and major road arterials including the M1 to Chadstone and the city and Princes Highway to Dandenong within easy reach."
Below are some similar properties in the area you may be interested in.
4.7%
48.1%
$945K
3.3%
$70,000
-$25,984
2.5%
1.7%
-15.8%
6.0%
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
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
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
$15,152
$22,160
Interest Repayments
$52,272
$52,272
Net Cashflow Before Tax
-$37,120
-$30,112
Depreciation
-
-
Tax Offset
-$11,136
-$9,034
Net Cashflow After Tax
-$25,984
-$21,078
Assumptions
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
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
Manufacturing - 19.0%
Retail Trade - 13.0%
Health Care and Social Assistance - 8.0%
Construction - 8.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price