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$210K
$37,421
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$620,000
Medium
$580,000
Low
$540,000
Confidence
Medium
Discover Newnham Estate in Cobram, a budding community with modern conveniences and a tranquil riverside ambiance. This estate offers various lots, ranging from 750sqm to 1187sqm, ideal for crafting your perfect home. A new shopping center nearby promises essential amenities like a supermarket and medical services. Enjoy the blend of countryside charm and vibrant town life, with quality education and open green spaces. Perfect for those seeking investment potential or a peaceful lifestyle. Opportunity awaits in this unique riverend estate.
Below are some similar properties in the area you may be interested in.
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
Agriculture, Forestry and Fishing - 19.0%
Manufacturing - 14.0%
Retail Trade - 11.0%
Health Care and Social Assistance - 11.0%
Others - 45.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
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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
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80.5%
$300K
8.7%
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-$11,766
4.4%
Asking Price
-
Estimated Purchase Price
$620,000
Stamp Duty
$32,270
Transfer Fee
$1,557
Conveyancing
$1,196
Deposit (10%)
$62,000
Reg. Mortgage
$129
LMI Premium
$17,679
Renovation Costs
-
Total Cash/Equity Required
$115,379
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
Rates
+3.0% PA
$1,673
$2,183
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
$20,020
$29,080
Interest Repayments
$36,828
$36,828
Net Cashflow Before Tax
-$16,808
-$7,748
Depreciation
-
-
Tax Offset
-$5,042
-$2,324
Net Cashflow After Tax
-$11,766
-$5,424
Unlock the power of Picki
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Year 1
Year 10
Property Value
6.8%
$662,160
$1,197,028
Loan Balance
I.O
$558,000
$558,000
$104,160
$639,028
