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$690K
$115,379
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$760,000
Medium
$720,000
Low
$680,000
Confidence
Medium
This property, ideal for first home buyers or those looking to downsize, is located in the established and leafy The Grove estate. It offers a convenient lifestyle, close to schools, shops, public transport, and major roads. The home includes 3 bedrooms, with the master featuring an ensuite and walk-in robe. The kitchen is equipped with essential appliances and ample storage. The living area is bright and welcoming, complemented by an additional sunroom under a large enclosed pergola. The property is sustainable and comfortable with solar power, ducted heating, evaporative cooling, and more. It sits on a 490m2 allotment with artificial lawn, a garden shed, and secure parking.
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79.4%
$660K
5.1%
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-$14,853
4.0%
Asking Price
-
Estimated Purchase Price
$720,000
Stamp Duty
$38,270
Transfer Fee
$1,791
Conveyancing
$1,196
Deposit (10%)
$72,000
Reg. Mortgage
$129
LMI Premium
$20,530
Renovation Costs
-
Total Cash/Equity Required
$134,465
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
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
$21,549
$31,245
Interest Repayments
$42,768
$42,768
Net Cashflow Before Tax
-$21,219
-$11,523
Depreciation
-
-
Tax Offset
-$6,366
-$3,457
Net Cashflow After Tax
-$14,853
-$8,066
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Year 1
Year 10
Property Value
6.8%
$768,960
$1,390,097
Loan Balance
I.O
$648,000
$648,000
$120,960
$742,097
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2021 Population
Suburbs
Retail Trade - 14.0%
Education and Training - 14.0%
Construction - 11.0%
Health Care and Social Assistance - 10.0%
Others - 51.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % 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
