$1.4M
$298,898
"Unique in design, well located and extremely private, this brand new 4 bedroom is situated in the popular Mount Waverley Secondary zone and 100point Burwood East Primary School. Nearby schools also include the highly sought after Presbyterian Ladies College. Timber floor, luxury kitchen, 3.5 bathrooms, spacious living room, updated intercom and touchable controller of heating and cooling. Walking distance to Burwood Shopping Center including Coles, 24hour KMart, bank and plenty of restaurants. Transport is within easy reach to Deakin University, PLC and other educational facilities accessible within a short tram ride, shopping precincts are in abundance as well as parks and gardens, hospitals and medical centres."
Below are some similar properties in the area you may be interested in.
-
66%
$1.45M
3.3%
-$310,000
-$47,269
2.0%
1.6%
-16.2%
6.0%
Asking Price
$1,400,000
Estimated Purchase Price
$1,540,000
Stamp Duty
$84,700
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$154,000
Reg. Mortgage
$129
LMI Premium
$48,187
Renovation Costs
-
Total Cash/Equity Required
$292,378
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
Rates
+3.0% PA
$1,584
$2,067
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
$23,949
$34,661
Interest Repayments
$91,476
$91,476
Net Cashflow Before Tax
-$67,527
-$56,815
Depreciation
-
-
Tax Offset
-$20,258
-$17,044
Net Cashflow After Tax
-$47,269
-$39,770
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,313,640
$2,374,749
Loan Balance
I.O
$1,386,000
$1,386,000
-$72,360
$988,749
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
Health Care and Social Assistance - 18.0%
Education and Training - 12.0%
Retail Trade - 11.0%
Professional, Scientific and Technical Services - 8.0%
Others - 51.0%
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