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$730K
$119,197
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$810,000
Medium
$765,000
Low
$720,000
Confidence
Medium
Discover an exceptional real estate opportunity in Riddells Creek. This centrally located and recently renovated family home has 3 bedrooms and 1 bathroom. Boasting fresh paint, new carpets, updated kitchen and bathroom, it positions itself as an ideal choice for families, first home buyers, or downsizers. Additionally, it holds prime potential for investors eyeing lucratives unit development or dual occupancy, subject to council approval (STCA). The locale offers easy access to amenities, schools, parks, and transport. Amidst a growing property market, seize this chance to become part of a thriving community.
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74%
$710K
4%
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Try Picki for FREE$70,000
-$12,315
4.5%
Asking Price
$795,000
Estimated Purchase Price
$695,000
Stamp Duty
$36,770
Transfer Fee
$1,732
Conveyancing
$1,196
Deposit (10%)
$69,500
Reg. Mortgage
$129
LMI Premium
$19,817
Renovation Costs
-
Total Cash/Equity Required
$129,694
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
Rates
+3.0% PA
$1,843
$2,405
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
$23,690
$34,323
Interest Repayments
$41,283
$41,283
Net Cashflow Before Tax
-$17,593
-$6,960
Depreciation
-
-
Tax Offset
-$5,278
-$2,088
Net Cashflow After Tax
-$12,315
-$4,872
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$817,020
$1,476,978
Loan Balance
I.O
$625,500
$625,500
$191,520
$851,478
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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 - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
