$520K
$105,837
"If you are searching for a quality home in a highly sought after location, this 3 bedroom brick home is sure to please. The many features include an expansive formal lounge and dining with gas heating which flows into the kitchen and family room. Kitchen with garden views, dishwasher, gas hotplates and electric wall oven. Convenient access to the paved, outdoor area which provides views of the enormous backyard with beautiful shade trees and low maintenance gardens. Further extras include a master bedroom complete with an ensuite and walk in robe, spacious family bathroom, 2 extra bedrooms with built in robes, 2 x gas heaters, ducted evaporative cooling and ducted vacuum system, double lock up garage. Ready for a cosmetic renovation, but perfectly comfortable in its current state, the locally built home is priced to sell. With a block size of just under 1,000m2, this is going to popular call today to arrange your inspection."
Below are some similar properties in the area you may be interested in.
2%
83%
$690K
3.4%
-$120,000
-$13,426
3.7%
2.5%
-12.9%
6.0%
Asking Price
$520,000
Estimated Purchase Price
$560,000
Stamp Duty
$28,670
Transfer Fee
$1,416
Conveyancing
$1,196
Deposit (10%)
$56,000
Reg. Mortgage
$129
LMI Premium
$15,968
Renovation Costs
-
Total Cash/Equity Required
$103,928
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+7.7% PA
$1,602
$2,280
Rates
+3.0% PA
$1,850
$2,414
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
$14,083
$20,651
Interest Repayments
$33,264
$33,264
Net Cashflow Before Tax
-$19,181
-$12,613
Depreciation
-
-
Tax Offset
-$5,754
-$3,784
Net Cashflow After Tax
-$13,426
-$8,829
Assumptions
Year 1
Year 10
Property Value
6.8%
$469,920
$849,504
Loan Balance
I.O
$504,000
$504,000
-$34,080
$345,504
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 - 14.0%
Manufacturing - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Retail Trade - 9.0%
Others - 56.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price