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$540K
$84,662
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Try Picki for FREEConfidence
High
High
$560,000
Medium
$540,000
Low
$520,000
Confidence
Medium
Discover a dual-income gem or a charming family home with additional rental potential. This property features a stylishly updated main house with three bedrooms, including a master ensuite, and period details throughout. Modern conveniences include a large lounge, contemporary kitchen with a dishwasher, and climate comfort with a reverse cycle split air conditioning system. The additional bungalow offers a self-contained unit perfect for AirBnB or long-term rental, complete with its own entrance and amenities. Currently leased with a strong rental yield, this residence promises convenience being a short drive from the CBD and offers flexibility with vacant possession available.
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 12.0%
Education and Training - 9.0%
Manufacturing - 8.0%
Others - 53.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
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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
Below are some similar properties in the area you may be interested in.
38.6%
36.8%
$365K
5.8%
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Try Picki for FREE$65,000
-$8,114
4.9%
Asking Price
$540,000
Estimated Purchase Price
$475,000
Stamp Duty
$23,570
Transfer Fee
$1,217
Conveyancing
$1,196
Deposit (10%)
$47,500
Reg. Mortgage
$129
LMI Premium
$10,500
Renovation Costs
-
Total Cash/Equity Required
$84,662
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
$1,710
$2,231
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
$16,623
$24,250
Interest Repayments
$28,215
$28,215
Net Cashflow Before Tax
-$11,592
-$3,965
Depreciation
-
-
Tax Offset
-$3,478
-$1,190
Net Cashflow After Tax
-$8,114
-$2,776
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$576,720
$1,042,573
Loan Balance
I.O
$427,500
$427,500
$149,220
$615,073
