$400K
$80,050
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Try Picki for FREEConfidence
High
High
$455,000
Medium
$435,000
Low
$415,000
Confidence
Medium
$420/week
Street Statistics
Public Housing (%)
0%
Owner Occupiers (%)
89.7%
Median Street Sold Price
$555K
Median Street Rental Yield
4.1%
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Property
Very Good
Street
Very Good
Suburb
Very Good
Overall
Very Good
Under Market Value
-$10,000
Net Cashflow PA
-$7,992
Gross Yield
4.9%
Purchase Costs
Asking Price
$445,000
Estimated Purchase Price
$445,000
Stamp Duty
$21,770
Transfer Fee
$1,147
Conveyancing
$1,196
Deposit (10%)
$44,500
Reg. Mortgage
$129
LMI Premium
$9,837
Renovation Costs
-
Total Cash/Equity Required
$79,129
Income Statement (Cashflow)
Income
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Expenses
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
$26,433
$26,433
Net Cashflow Before Tax
-$11,417
-$4,451
Depreciation
-
-
Tax Offset
-$3,425
-$1,335
Net Cashflow After Tax
-$7,992
-$3,115
Balance Sheet
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Try Picki for FREEAssets
Assumptions
Year 1
Year 10
Property Value
6.8%
$464,580
$839,850
Liabilities
Loan Balance
I.O
$400,500
$400,500
Net Equity
$64,080
$439,350
Property Inspection Report
Property Overview
Discover a beautifully renovated 3-bedroom home in Miners Rest, offering both comfort and convenience. With an open-plan living area, a modern kitchen with top appliances, and a large enclosed yard, this property is perfect for entertaining. It features split-system heating and cooling, ducted gas heating, and is close to Miners Rest Primary School and essential amenities. Ideal for families and investors alike, this home is move-in ready.
Inspection Checklist
- Verify accurate dimensions of rooms and square footage of the property.
- Inspect the condition of the kitchen appliances and cabinetry.
- Check the bathroom and toilet for potential plumbing issues.
- Evaluate the functionality of the split-system and ducted heating systems.
- Assess the structural integrity of the garage and patio area.
- Examine the quality of renovations and materials used.
- Confirm property boundaries and condition of the enclosed yard.
- Inquire about recent property taxes and utility costs.
- Check proximity to local amenities and school traffic during peak hours.
Questions for Agent
- Can you provide detailed dimensions for each room?
- What year was the renovation completed, and who was the contractor?
- Are there any warranties on kitchen appliances or the heating systems?
- Has the property had any past issues with plumbing or structural integrity?
- Can you clarify any additional costs associated with the property, such as rates or utilities?
- What options are available for public transport in the area?
- Are there any planned developments nearby that could affect the neighborhood?
- Could you provide information about the local community and schools?
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Location Opportunity
City of Ballarat statistics
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.
113,763
2021 Population
56
Suburbs
Demand
Employment
Em
New project
Pr
lifestyle
Li
population
Po
Supply
New Supply
Su
Opportunity
Opportunity
Op
Em
Employment Industries
Average
Health Care and Social Assistance - 19.0%
Retail Trade - 12.0%
Education and Training - 11.0%
Manufacturing - 9.0%
Others - 49.0%
income growth
Average
Average Income
COMMUTE TIME
26mins
13kms
Good
Pr
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Li
Po
Population Growth
Average Population
SUPPLY vs POPULATION
Projected Population Growth
6.5%
projected
for 2025 to 2027
Very High
Su
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2.4%
High
SALES PRICE GROWTH
Monthly % Change in Median House Prices (Prev. Quarter)
RENTAL YIELD
Excellent
Average Rental Yield
VACANCY RATE
Excellent
Average Vacancy Rate
Days of Supply
Excellent
Average Days of Supply
Owner Occupier Level
No data available
VENDOR DISCOUNTING
Very Good
Average Population
Pricing
Sold Price
Asking Price
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