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$390K
$61,606
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Try Picki for FREEConfidence
High
High
$420,000
Medium
$390,000
Low
$360,000
Confidence
Medium
This 2-bedroom unit, opposite Geelong Hospital, is a prime opportunity for new homeowners or investors. It's strategically located within 800 meters of Geelong's City Centre, Waterfront, and Eastern Gardens. The unit prides itself on a spacious layout with two sizable bedrooms, a combined bathroom and laundry, a separate toilet, a large kitchen, and a living area. Ground-level access and an undercover car space add convenience. Its proximity to amenities promises desirability among tenants, with a potential rent return of $350 per week. The location and layout offer a chance for value appreciation over time.
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68.4%
$880K
2.9%
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Try Picki for FREE$30,000
-$3,258
6.5%
Asking Price
$390,000
Estimated Purchase Price
$360,000
Stamp Duty
$16,670
Transfer Fee
$948
Conveyancing
$1,196
Deposit (10%)
$36,000
Reg. Mortgage
$129
LMI Premium
$7,958
Renovation Costs
-
Total Cash/Equity Required
$63,451
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
$1,603
$2,092
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
$16,730
$24,389
Interest Repayments
$21,384
$21,384
Net Cashflow Before Tax
-$4,654
$3,005
Depreciation
-
-
Tax Offset
-$1,396
$902
Net Cashflow After Tax
-$3,258
$2,104
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$416,520
$752,969
Loan Balance
I.O
$324,000
$324,000
$92,520
$428,969
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.
2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Accommodation and Food Services - 8.0%
Others - 50.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
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