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$500K
$86,506
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Try Picki for FREEConfidence
High
High
$580,000
Medium
$550,000
Low
$520,000
Confidence
Medium
This property is a versatile investment or living opportunity on a substantial 645m2 plot. Located minutes from Geelong CBD and key conveniences, including North Geelong train station, it's perfect for commuters. The home features a spacious lounge, three large bedrooms, a bathroom, and a well-equipped kitchen with gas appliances. The extensive backyard offers ample garage space and a flexible workshop area.
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59.8%
$580K
3.9%
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Try Picki for FREE$10,000
-$8,390
5.0%
Asking Price
$549,000
Estimated Purchase Price
$540,000
Stamp Duty
$27,470
Transfer Fee
$1,369
Conveyancing
$1,196
Deposit (10%)
$54,000
Reg. Mortgage
$129
LMI Premium
$11,937
Renovation Costs
-
Total Cash/Equity Required
$96,651
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
Rates
+3.0% PA
$1,603
$2,092
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
$20,090
$29,171
Interest Repayments
$32,076
$32,076
Net Cashflow Before Tax
-$11,986
-$2,905
Depreciation
-
-
Tax Offset
-$3,596
-$871
Net Cashflow After Tax
-$8,390
-$2,033
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Year 1
Year 10
Property Value
6.8%
$587,400
$1,061,879
Loan Balance
I.O
$486,000
$486,000
$101,400
$575,879
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Accommodation and Food Services - 8.0%
Others - 50.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
