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$285K
$48,186
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Try Picki for FREEConfidence
High
High
$340,000
Medium
$310,000
Low
$280,000
Confidence
Not Applicable
This property presents 304 square meters of titled residential land primed for development. Conveniently situated next to a scenic park replete with a dog park, playground, and basketball court, it offers proximity to an array of amenities including the Mandalay Golf Course, gym, pool, and café. With easy access to the freeway, this parcel promises a balanced lifestyle of leisure and connectivity. Measuring 12.5 meters by 28 meters, the land provides an excellent opportunity to construct your dream home in a highly sought-after locale.
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78.6%
$555K
4.7%
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Try Picki for FREE$10,000
-$16,023
-
Asking Price
$300,000
Estimated Purchase Price
$300,000
Stamp Duty
$13,070
Transfer Fee
$808
Conveyancing
$1,196
Deposit (10%)
$30,000
Reg. Mortgage
$129
LMI Premium
$5,126
Renovation Costs
-
Total Cash/Equity Required
$50,878
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,805
$2,355
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
-$5,070
-$6,615
Interest Repayments
$17,820
$17,820
Net Cashflow Before Tax
-$22,890
-$24,435
Depreciation
-
-
Tax Offset
-$6,867
-$7,331
Net Cashflow After Tax
-$16,023
-$17,105
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Year 1
Year 10
Property Value
6.8%
$331,080
$598,514
Loan Balance
I.O
$270,000
$270,000
$61,080
$328,514
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2021 Population
Suburbs
Public Administration and Safety - 15.0%
Health Care and Social Assistance - 12.0%
Education and Training - 11.0%
Retail Trade - 10.0%
Others - 52.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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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
