$649K
$105,837
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High
High
$710,000
Medium
$670,000
Low
$630,000
Confidence
Medium
$450/week
Street Statistics
Public Housing (%)
4.8%
Owner Occupiers (%)
74.5%
Median Street Sold Price
$518K
Median Street Rental Yield
4.3%
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Property
Very Good
Street
Average
Suburb
Very Good
Overall
Very Good
Under Market Value
$50,000
Net Cashflow PA
-$14,055
Gross Yield
3.8%
Purchase Costs
Asking Price
$670,000
Estimated Purchase Price
$620,000
Stamp Duty
$32,270
Transfer Fee
$1,557
Conveyancing
$1,196
Deposit (10%)
$62,000
Reg. Mortgage
$129
LMI Premium
$17,679
Renovation Costs
-
Total Cash/Equity Required
$115,379
Income Statement (Cashflow)
Income
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Expenses
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,584
$2,067
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
$16,749
$24,414
Interest Repayments
$36,828
$36,828
Net Cashflow Before Tax
-$20,079
-$12,414
Depreciation
-
-
Tax Offset
-$6,024
-$3,724
Net Cashflow After Tax
-$14,055
-$8,690
Balance Sheet
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Assumptions
Year 1
Year 10
Property Value
6.8%
$715,560
$1,293,562
Liabilities
Loan Balance
I.O
$558,000
$558,000
Net Equity
$157,560
$735,562
Property Inspection Report
Property Overview
Explore this charming family home in a desirable Kurunjang neighborhood. Set on a generous 790 m2 plot, this property offers spacious living with a well-landscaped front yard and car accommodation. The home features a roomy master bedroom with an ensuite and walk-in wardrobe, and three additional bedrooms equipped with built-in robes. Enjoy modern amenities in the kitchen with its appliances and ample storage, adjacent to an open-plan living and dining area. A large pergola allows for year-round outdoor entertaining. The secure, astroturfed yard is perfect for kids and pets, with garden sheds, a greenhouse, and side access. Special features include ducting, air conditioning, security doors, and solar panels. Viewing requires photo ID.
Inspection Checklist
- Verify the size of the land (790 m2) and its boundaries.
- Inspect condition and functionality of modern appliances in the kitchen.
- Check for any maintenance issues in the ensuite and central bathroom.
- Examine the condition of the astroturf and identify its age.
- Assess the structural integrity and any necessary maintenance of the pergola.
- Evaluate security features, such as security doors and windows.
- Confirm the functioning of ducted heating, evaporative cooling, and split systems.
- Inspect the solar system and inquire about its energy efficiency and age.
- Investigate the condition of garden sheds and greenhouse.
- Check the legitimacy of the land title and ensure no encumbrances.
- Note any signs of potential water damage or leaks indoors or outdoors.
Questions for Agent
- Can you provide more details about the history of the solar system? Is there any warranty left?
- What is the age of the roof and when was it last inspected?
- Are there any known issues or recent repairs in the home, such as plumbing or electrical?
- Could you clarify the zoning laws and any restrictions related to the property?
- How old is the astroturf and what is the maintenance routine to keep it in good condition?
- What are the average utility costs for this property, considering the existence of a solar system?
- Have there been any pest inspections done recently? If so, can you provide the report?
- Is there any potential for future development or neighborhood changes that could impact the property?
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Location Opportunity
City of Melton statistics
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.
178,960
2021 Population
18
Suburbs
Demand
Employment
Em
New project
Pr
lifestyle
Li
population
Po
Supply
New Supply
Su
Opportunity
Opportunity
Op
Em
Employment Industries
Diverse
Retail Trade - 14.0%
Education and Training - 14.0%
Construction - 11.0%
Health Care and Social Assistance - 10.0%
Others - 51.0%
income growth
Low
Average Income
COMMUTE TIME
29mins
15kms
Good
Pr
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Li
Po
Population Growth
Average Population
POPULATION vs SUPPLY
Under Supply
Projected Population Growth
15.2%
projected
for 2025 to 2027
Very High
Su
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1.9%
High
SALES PRICE GROWTH
Monthly % Change in Median House Prices (Prev. Quarter)
RENTAL YIELD
Excellent
Average Rental Yield
VACANCY RATE
Very Good
Average Vacancy Rate
Days of Supply
Very Good
Average Days of Supply
Owner Occupier Level
No data available
VENDOR DISCOUNTING
Very Good
Average Population
Pricing
Sold Price
Asking Price
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