$680K
$113,471
"Located in the prestigious enclave of The Ridge, Caroline Springs, this beautifully presented 4bedroom, 2bathroom home offers an abundance of space and luxury for the modern family. Set in a prime location, this residence is perfect for those who appreciate both comfort and style. The expansive floorplan includes two spacious living areas, offering versatility for family living and entertaining. The openplan kitchen features stainless steel appliances and ample storage, seamlessly flowing into the dining and living spaces. An adjoining alfresco area provides the perfect setting for outdoor dining and entertaining, overlooking the lowmaintenance backyard. The master bedroom offers a private retreat with a walkin robe and a stylish ensuite. The three additional bedrooms, each with builtin robes, are serviced by a central bathroom, ensuring comfort for the entire family. With a secure doublecar garage offering internal access, ducted heating and cooling, and a separate laundry, this home is designed for easy, functional living. Positioned close to local schools, parks, shopping precincts, and public transport, this is an opportunity to secure a home in one of Caroline Springs most soughtafter locations."
Below are some similar properties in the area you may be interested in.
-
81.6%
$665K
4.8%
$100,000
-$13,463
4.0%
2.9%
-11.5%
6.0%
Asking Price
$680,000
Estimated Purchase Price
$630,000
Stamp Duty
$32,870
Transfer Fee
$1,580
Conveyancing
$1,196
Deposit (10%)
$63,000
Reg. Mortgage
$129
LMI Premium
$17,964
Renovation Costs
-
Total Cash/Equity Required
$117,288
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+7.7% PA
$1,922
$2,735
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
$18,189
$26,464
Interest Repayments
$37,422
$37,422
Net Cashflow Before Tax
-$19,233
-$10,958
Depreciation
-
-
Tax Offset
-$5,770
-$3,288
Net Cashflow After Tax
-$13,463
-$7,671
Assumptions
Year 1
Year 10
Property Value
6.8%
$779,640
$1,409,404
Loan Balance
I.O
$567,000
$567,000
$212,640
$842,404
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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
Retail Trade - 14.0%
Education and Training - 14.0%
Construction - 11.0%
Health Care and Social Assistance - 10.0%
Others - 51.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price