$400K
$73,595
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Try Picki for FREEConfidence
High
High
$440,000
Medium
$410,000
Low
$380,000
Confidence
Medium
$360/week
Street Statistics
Public Housing (%)
4.8%
Owner Occupiers (%)
65.5%
Median Street Sold Price
$400K
Median Street Rental Yield
5%
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Property
Very Good
Street
Average
Suburb
Very Good
Overall
Very Good
Under Market Value
-$5,000
Net Cashflow PA
-$8,760
Gross Yield
4.5%
Purchase Costs
Asking Price
$400,000
Estimated Purchase Price
$415,000
Stamp Duty
$19,970
Transfer Fee
$1,077
Conveyancing
$1,196
Deposit (10%)
$41,500
Reg. Mortgage
$129
LMI Premium
$9,174
Renovation Costs
-
Total Cash/Equity Required
$73,595
Income Statement (Cashflow)
Income
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,720
$26,644
Expenses
Property Management
+7.7% PA
$1,441
$2,052
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
$12,137
$17,884
Interest Repayments
$24,651
$24,651
Net Cashflow Before Tax
-$12,514
-$6,767
Depreciation
-
-
Tax Offset
-$3,754
-$2,030
Net Cashflow After Tax
-$8,760
-$4,737
Balance Sheet
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Try Picki for FREEAssets
Assumptions
Year 1
Year 10
Property Value
6.8%
$437,880
$791,583
Liabilities
Loan Balance
I.O
$373,500
$373,500
Net Equity
$64,380
$418,083
Property Inspection Report
Property Overview
Discover this affordable brick home perfectly located on a quiet street with access to schools, supermarkets, and public transport. Featuring three bedrooms with built-in robes and a north-facing, light-filled living area, this home ensures comfort with gas heating and reverse-cycle cooling. A functional kitchen and bathroom, alongside an oversized single lockup garage, complement the 634m² secure allotment. Currently leased until February 2025, offering a prime investment opportunity. Positioned less than 10 minutes from Ballarat CBD, with potential for value-adding renovations.
Inspection Checklist
- Verify condition of brickwork and home structure.
- Inspect size and state of built-in robes in bedrooms.
- Assess the natural lighting in the living area throughout the day.
- Evaluate the functionality of the kitchen appliances and fixtures.
- Check the heating and cooling systems are operational.
- Inspect the garage for additional space and condition.
- Measure the total land area to ensure it matches 634m² claim.
- Explore possibilities for additional shedding.
- Assess proximity and convenience of nearby schools and services.
- Review the terms and condition of the existing lease agreement.
Questions for Agent
- Can you provide more details on the current lease agreement, including rental terms and tenant reliability?
- What are the typical utility costs for this home, given its current systems and appliances?
- Are there any recent or planned developments in the area that might affect property value?
- What renovations have been done recently, and what scope exists for further improvements?
- Can you clarify the state of the internal and external property, especially the kitchen and bathroom?
- What assurances are there regarding the structural integrity of the building?
- Could you provide more information on the public transport options available nearby?
- What is the demographic of the neighborhood, and are there any notable community activities?
- What security measures are in place for the property, given its size and location?
- Are there any additional costs or fees we should be aware of, including council rates or homeowner association dues?
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Location Opportunity
City of Ballarat 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.
113,763
2021 Population
56
Suburbs
Demand
Employment
Em
New project
Pr
lifestyle
Li
population
Po
Supply
New Supply
Su
Opportunity
Opportunity
Op
Em
Employment Industries
Average
Health Care and Social Assistance - 19.0%
Retail Trade - 12.0%
Education and Training - 11.0%
Manufacturing - 9.0%
Others - 49.0%
income growth
Average
Average Income
COMMUTE TIME
26mins
13kms
Good
Pr
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Li
Po
Population Growth
Average Population
SUPPLY vs POPULATION
Projected Population Growth
6.5%
projected
for 2025 to 2027
Very High
Su
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2.4%
High
SALES PRICE GROWTH
Monthly % Change in Median House Prices (Prev. Quarter)
RENTAL YIELD
Excellent
Average Rental Yield
VACANCY RATE
Excellent
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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