$650K
$130,648
"Space to share in this highset home in a quiet location, just 5 mins walk to beach access. Set on an approximately 618m2 block with flat parking for multiple cars and under home storage. Huge open plan living room with a wood heater and doors opening to a treetop height deck. Well appointed kitchen with central island bench, large storage and prep areas. Four bedrooms, two bathrooms, laundry utility room and storage area. Comfortable now but offering enormous potential to update down the track."
Below are some similar properties in the area you may be interested in.
-
93.8%
-
-
-$120,000
-$17,683
3.3%
2.3%
-13.5%
6.0%
Asking Price
$650,000
Estimated Purchase Price
$700,000
Stamp Duty
$37,070
Transfer Fee
$1,744
Conveyancing
$1,196
Deposit (10%)
$70,000
Reg. Mortgage
$129
LMI Premium
$19,960
Renovation Costs
-
Total Cash/Equity Required
$130,648
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$2,014
$2,628
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
$16,319
$23,853
Interest Repayments
$41,580
$41,580
Net Cashflow Before Tax
-$25,261
-$17,727
Depreciation
-
-
Tax Offset
-$7,578
-$5,318
Net Cashflow After Tax
-$17,683
-$12,409
Assumptions
Year 1
Year 10
Property Value
6.8%
$619,440
$1,119,800
Loan Balance
I.O
$630,000
$630,000
-$10,560
$489,800
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
Others - 52.0%
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