$60K
$9,618
Confidence
High
-
Medium
-
Low
-
Confidence
Below are some similar properties in the area you may be interested in.
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.
2016 Population
Suburbs
Agriculture, Forestry and Fishing - 19.0%
Manufacturing - 14.0%
Retail Trade - 11.0%
Health Care and Social Assistance - 11.0%
Others - 45.0%
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
-
70.1%
-
-
$445,000
+
33.1%
21.6%
62.5%
6.0%
Asking Price
$60,000
Estimated Purchase Price
$55,000
Stamp Duty
$1,070
Transfer Fee
$234
Conveyancing
$1,196
Deposit (10%)
$5,500
Reg. Mortgage
$129
LMI Premium
$940
Renovation Costs
-
Total Cash/Equity Required
$9,619
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
Rates
+3.0% PA
$1,673
$2,183
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
$11,861
$17,467
Interest Repayments
$3,267
$3,267
Net Cashflow Before Tax
$8,594
$14,200
Depreciation
-
-
Tax Offset
$2,578
$4,260
Net Cashflow After Tax
$6,016
$9,940
Assumptions
Year 1
Year 10
Property Value
6.8%
$534,000
$965,345
Loan Balance
I.O
$49,500
$49,500
$484,500
$915,845
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