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$450K
$85,584
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$480,000
Medium
$460,000
Low
$440,000
Confidence
Medium
Located in vibrant Mount Clear, this charming home stands on a generous 611m2 corner block. Ideal for families, it has proximity to quality schools like Mount Clear College, Damascus College, and Federation University. The weatherboard home with a welcoming verandah features three bedrooms with built-in robes and a family bathroom. The open living area includes a well-appointed kitchen with a 900mm gas stove and ample storage space. Enjoy year-round comfort with central heating and air conditioning inside, or entertain in the carport doubling as an outdoor area. Modern amenities mix with classic charm, all close to essential services and scenic trails, making this a perfect family home.
Trusted by over 13k property buyers and counting...
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70.3%
$450K
5.9%
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Try Picki for FREE-$35,000
-$11,622
4.0%
Asking Price
$480,000
Estimated Purchase Price
$500,000
Stamp Duty
$25,070
Transfer Fee
$1,276
Conveyancing
$1,196
Deposit (10%)
$50,000
Reg. Mortgage
$129
LMI Premium
$11,053
Renovation Costs
-
Total Cash/Equity Required
$89,273
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
$1,877
$2,449
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
$13,096
$19,250
Interest Repayments
$29,700
$29,700
Net Cashflow Before Tax
-$16,604
-$10,450
Depreciation
-
-
Tax Offset
-$4,981
-$3,135
Net Cashflow After Tax
-$11,622
-$7,315
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$496,620
$897,771
Loan Balance
I.O
$450,000
$450,000
$46,620
$447,771
Location, 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 - 19.0%
Retail Trade - 12.0%
Education and Training - 11.0%
Manufacturing - 9.0%
Others - 49.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
Create a free account to access the tools and information you need to make the best property investment decisions.
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
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