$320K
$63,450
"Many features of yesteryear including high ceilings, open fireplace fretwork 3bedroom home Separate lounge and formal dining Gas Heating air conditioning Well fenced on all sides Rear lane access Huge 1188m2 block with ample room for development or shedding"
-
79.9%
-
-
$90,000
-$5,674
5.5%
3.7%
-8.9%
6.0%
Asking Price
$320,000
Estimated Purchase Price
$360,000
Stamp Duty
$16,670
Transfer Fee
$948
Conveyancing
$1,196
Deposit (10%)
$36,000
Reg. Mortgage
$129
LMI Premium
$7,958
Renovation Costs
-
Total Cash/Equity Required
$63,451
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
Rates
+3.0% PA
$1,695
$2,212
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
$13,278
$19,487
Interest Repayments
$21,384
$21,384
Net Cashflow Before Tax
-$8,106
-$1,897
Depreciation
-
-
Tax Offset
-$2,432
-$569
Net Cashflow After Tax
-$5,674
-$1,328
Assumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$324,000
$324,000
$156,600
$544,810
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Construction - 10.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price