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Withheld
$129,694
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$770,000
Medium
$725,000
Low
$680,000
Confidence
Medium
This spacious, designer home in the highly sought-after Modeina Estate in Burnside offers 48 squares of luxurious living. The property features 4 generous bedrooms with potential for a fifth, a master suite with a balcony, ensuite with spa, and an oversized shower. The modern kitchen includes double ovens, an island bench with stone benchtops, and a butler's pantry. The home boasts multiple living areas including a theatre room, an open-plan family area with a gas fireplace, and an alfresco dining space. Additional amenities include solar power, security cameras, ducted heating, refrigerated cooling, a second kitchen in the garage, and more. Conveniently located near schools, transport, and shopping centers, with easy access to major roads.
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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
Retail Trade - 14.0%
Education and Training - 14.0%
Construction - 11.0%
Health Care and Social Assistance - 10.0%
Others - 51.0%
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
0%
93.8%
$900K
3.6%
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Try Picki for FREE$30,000
-$12,134
4.5%
Asking Price
-
Estimated Purchase Price
$695,000
Stamp Duty
$36,770
Transfer Fee
$1,732
Conveyancing
$1,196
Deposit (10%)
$69,500
Reg. Mortgage
$129
LMI Premium
$19,817
Renovation Costs
-
Total Cash/Equity Required
$129,694
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
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
$23,949
$34,661
Interest Repayments
$41,283
$41,283
Net Cashflow Before Tax
-$17,334
-$6,622
Depreciation
-
-
Tax Offset
-$5,200
-$1,987
Net Cashflow After Tax
-$12,134
-$4,635
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$774,300
$1,399,750
Loan Balance
I.O
$625,500
$625,500
$148,800
$774,250
