$839K
$159,276
"This beautifully appointed four bedroom home is ideally located in the sought after real estate pocket known as Prestige Park. The large master bedroom with a walkin robe and ensuite is located off the central entrance area, along with a spacious formal lounge room. The entrance area flows through to a luxurious open plan kitchen with stone benchtops and quality stainless steel appliances overlooking expansive entertaining and dining area with polished hardwood floors. Three more bedrooms, all with builtin robes, are located in a separate wing of the property with a bathroom and large laundry. Ducted heating and cooling throughout and double remote garage with internal access completes this outstanding home. Due Diligence checklist are available at www.consumer.vic.gov.auduediligencechecklist"
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86.7%
$810K
4.2%
-$210,000
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2.8%
2.0%
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Asking Price
$839,000
Estimated Purchase Price
$850,000
Stamp Duty
$46,070
Transfer Fee
$2,095
Conveyancing
$1,196
Deposit (10%)
$85,000
Reg. Mortgage
$129
LMI Premium
$24,237
Renovation Costs
-
Total Cash/Equity Required
$159,276
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,603
$2,092
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
$16,730
$24,389
Interest Repayments
$50,490
$50,490
Net Cashflow Before Tax
-$33,760
-$26,101
Depreciation
-
-
Tax Offset
-$10,128
-$7,830
Net Cashflow After Tax
-$23,632
-$18,270
Assumptions
Year 1
Year 10
Property Value
6.8%
$683,520
$1,235,642
Loan Balance
I.O
$765,000
$765,000
-$81,480
$470,642
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Accommodation and Food Services - 8.0%
Others - 50.0%
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