$999K
$164,047
Confidence
High
-
Medium
-
Low
-
Confidence
Below are some similar properties in the area you may be interested in.
Location, 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.
2016 Population
Suburbs
Agriculture, Forestry and Fishing - 19.0%
Manufacturing - 14.0%
Retail Trade - 11.0%
Health Care and Social Assistance - 11.0%
Others - 45.0%
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
-
70.1%
-
-
$5,000
-$7,257
5.1%
3.7%
-9.0%
6.0%
Asking Price
-
Estimated Purchase Price
$455,000
Stamp Duty
$22,370
Transfer Fee
$1,170
Conveyancing
$1,196
Deposit (10%)
$45,500
Reg. Mortgage
$129
LMI Premium
$10,058
Renovation Costs
-
Total Cash/Equity Required
$80,973
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
$1,673
$2,183
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
$16,660
$24,298
Interest Repayments
$27,027
$27,027
Net Cashflow Before Tax
-$10,367
-$2,729
Depreciation
-
-
Tax Offset
-$3,110
-$819
Net Cashflow After Tax
-$7,257
-$1,910
Assumptions
Year 1
Year 10
Property Value
6.8%
$491,280
$888,117
Loan Balance
I.O
$409,500
$409,500
$81,780
$478,617
Did you know you need to engage a conveyancer when buying a property?
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