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$530K
$93,884
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Try Picki for FREEConfidence
High
High
$560,000
Medium
$520,000
Low
$480,000
Confidence
Medium
This stunning Miners Rest home offers breathtaking views of parklands and Burrumbeet Creek. Located on a 471m2 allotment, it generates $460 weekly rental income with tenants in place until May 2025. Close to Lucas Town Centre, Stockland Wendouree, and schools, and offers easy access to the Western Highway. The house includes four bedrooms, a master suite with a walk-in robe and ensuite, and a well-equipped kitchen with gas cooking and a dishwasher. An open-plan living and dining area leads to an outdoor entertaining space. Comfort is optimized with central heating, a split system, and ceiling fans. The spacious yard enhances its family and rental appeal.
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2021 Population
Suburbs
Health Care and Social Assistance - 19.0%
Retail Trade - 12.0%
Education and Training - 11.0%
Manufacturing - 9.0%
Others - 49.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2025 to 2027
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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.
0%
76.4%
-
-
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Try Picki for FREE-$10,000
-$11,526
4.1%
Asking Price
$530,000
Estimated Purchase Price
$530,000
Stamp Duty
$26,870
Transfer Fee
$1,346
Conveyancing
$1,196
Deposit (10%)
$53,000
Reg. Mortgage
$129
LMI Premium
$11,716
Renovation Costs
-
Total Cash/Equity Required
$94,807
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
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
$31,482
$31,482
Net Cashflow Before Tax
-$16,466
-$9,500
Depreciation
-
-
Tax Offset
-$4,940
-$2,850
Net Cashflow After Tax
-$11,526
-$6,650
Unlock the power of Picki
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$555,360
$1,003,959
Loan Balance
I.O
$477,000
$477,000
$78,360
$526,959
