$350K
$69,906
"This 4 bedroom home is ideal for the family wanting shedding and room to move. The central kitchen overlooks the rear decked area and adjoins the living room. There is fresh paint and new carpet throughout the majority of the home. 2 of the 4 bedroom have built in robes. There is a good sized undercover entertaining area at the rear of the home. Being a corner block there is side access to the rear yard and handy shed. The large carport area is perfect for the family wanting heaps of storage or a large undercover entertaining area."
7.1%
59.9%
$340K
7%
-$70,000
-$9,640
4.4%
2.9%
-12.0%
6.0%
Asking Price
$400,000
Estimated Purchase Price
$450,000
Stamp Duty
$22,070
Transfer Fee
$1,159
Conveyancing
$1,196
Deposit (10%)
$45,000
Reg. Mortgage
$129
LMI Premium
$9,948
Renovation Costs
-
Total Cash/Equity Required
$80,051
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
Rates
+3.0% PA
$2,015
$2,629
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
$12,958
$19,070
Interest Repayments
$26,730
$26,730
Net Cashflow Before Tax
-$13,772
-$7,660
Depreciation
-
-
Tax Offset
-$4,131
-$2,298
Net Cashflow After Tax
-$9,640
-$5,362
Assumptions
Year 1
Year 10
Property Value
6.8%
$405,840
$733,662
Loan Balance
I.O
$405,000
$405,000
$840
$328,662
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 12.0%
Agriculture, Forestry and Fishing - 8.0%
Accommodation and Food Services - 7.0%
Others - 55.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price