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$449K
$71,750
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Try Picki for FREEConfidence
High
High
$380,000
Medium
$360,000
Low
$340,000
Confidence
Medium
This 4-bedroom, 2-bathroom weatherboard home in Rochester combines modern upgrades with cozy charm. Significant renovations include new concrete stumps, insulation, plastering with ornate cornices, and updated systems such as electrical rewiring and plumbing. Enjoy comfort year-round with a ducted reverse cycle system and energy efficiency from new aluminum windows and solar panels. The open-plan kitchen and dining area, featuring Baltic pine cabinetry and modern appliances, offers ample space for family gatherings. Outdoors, a secure, fenced yard with lush gardens, fruit trees, and entertaining areas adds to its allure. A shed and undercover carport ensure ample parking and storage. This home provides easy access to local amenities, making it ideal for families.
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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
Health Care and Social Assistance - 15.0%
Manufacturing - 13.0%
Agriculture, Forestry and Fishing - 13.0%
Retail Trade - 12.0%
Others - 47.0%
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
4.8%
72.5%
$180K
14.2%
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Try Picki for FREE$10,000
-$617
7.7%
Asking Price
$379,000
Estimated Purchase Price
$350,000
Stamp Duty
$16,070
Transfer Fee
$925
Conveyancing
$1,196
Deposit (10%)
$35,000
Reg. Mortgage
$129
LMI Premium
$7,737
Renovation Costs
-
Total Cash/Equity Required
$61,606
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
Rates
+3.0% PA
$1,784
$2,328
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
$19,909
$28,935
Interest Repayments
$20,790
$20,790
Net Cashflow Before Tax
-$881
$8,145
Depreciation
-
-
Tax Offset
-$264
$2,444
Net Cashflow After Tax
-$617
$5,702
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$384,480
$695,048
Loan Balance
I.O
$315,000
$315,000
$69,480
$380,048
