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$500K
$88,351
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Try Picki for FREEConfidence
High
High
$500,000
Medium
$470,000
Low
$440,000
Confidence
Medium
This beautifully maintained home in Macarthur Park Estate, Miners Rest, offers low-maintenance living ideal for families, first-time buyers, or investors. The home features an open-plan kitchen, newly updated appliances, and generous storage solutions. The master bedroom comes with an ensuite and walk-in robe, while two additional bedrooms include built-in robes. Enjoy versatile living spaces and a Merbau decked outdoor entertaining area. Energy efficiency is prioritized with solar panels and a central heating/cooling system. Located near schools, parks, and just minutes from Wendouree Train Station, this home promises convenience and comfort with a diligent level of care evident throughout.
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83.5%
$548K
4.3%
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Try Picki for FREE-$30,000
-$10,279
4.4%
Asking Price
$500,000
Estimated Purchase Price
$500,000
Stamp Duty
$25,070
Transfer Fee
$1,276
Conveyancing
$1,196
Deposit (10%)
$50,000
Reg. Mortgage
$129
LMI Premium
$11,053
Renovation Costs
-
Total Cash/Equity Required
$89,273
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
Rates
+3.0% PA
$1,877
$2,449
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
$15,016
$21,982
Interest Repayments
$29,700
$29,700
Net Cashflow Before Tax
-$14,684
-$7,718
Depreciation
-
-
Tax Offset
-$4,405
-$2,315
Net Cashflow After Tax
-$10,279
-$5,402
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$501,960
$907,424
Loan Balance
I.O
$450,000
$450,000
$51,960
$457,424
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2021 Population
Suburbs
Health Care and Social Assistance - 19.0%
Retail Trade - 12.0%
Education and Training - 11.0%
Manufacturing - 9.0%
Others - 49.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2025 to 2027
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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
