$159K
$26,655
"Situated on 1174m2 block Newry township building blocks Quiet location on the edge of town Fabulous rural outlook Build your dream home"
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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
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Construction - 10.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price
-
78.8%
-
-
$5,000
-$10,749
-
-
-37.8%
6.0%
Asking Price
$169,000
Estimated Purchase Price
$175,000
Stamp Duty
$5,570
Transfer Fee
$515
Conveyancing
$1,196
Deposit (10%)
$17,500
Reg. Mortgage
$129
LMI Premium
$2,990
Renovation Costs
-
Total Cash/Equity Required
$28,450
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,695
$2,212
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
-$4,960
-$6,472
Interest Repayments
$10,395
$10,395
Net Cashflow Before Tax
-$15,355
-$16,867
Depreciation
-
-
Tax Offset
-$4,607
-$5,060
Net Cashflow After Tax
-$10,749
-$11,807
Assumptions
Year 1
Year 10
Property Value
6.8%
$192,240
$347,524
Loan Balance
I.O
$157,500
$157,500
$34,740
$190,024
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