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$663K
$136,373
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$670,000
Medium
$650,000
Low
$630,000
Confidence
Medium
Discover a modern and luxurious house in Newborough, Victoria. This house and land package boasts premium features designed for comfort and style. With impeccable Caesarstone benchtops, high ceilings, and state-of-the-art kitchen appliances, it promises a lifestyle of convenience and elegance. The open-plan living space is perfect for families, complemented by quality flooring and energy-efficient lighting. Fully landscaped and fenced, it includes split system cooling, ducted heating, and more. Note that this property is yet to be built, and the price includes the first homeowners grant if applicable.
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91.5%
$299K
9.8%
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Try Picki for FREE-$55,000
-$14,200
4.1%
Asking Price
$663,300
Estimated Purchase Price
$705,000
Stamp Duty
$37,370
Transfer Fee
$1,755
Conveyancing
$1,196
Deposit (10%)
$70,500
Reg. Mortgage
$129
LMI Premium
$20,102
Renovation Costs
-
Total Cash/Equity Required
$131,602
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$1,542
$2,012
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
$21,591
$31,300
Interest Repayments
$41,877
$41,877
Net Cashflow Before Tax
-$20,286
-$10,577
Depreciation
-
-
Tax Offset
-$6,086
-$3,173
Net Cashflow After Tax
-$14,200
-$7,404
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$694,200
$1,254,948
Loan Balance
I.O
$634,500
$634,500
$59,700
$620,448
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2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Retail Trade - 12.0%
Public Administration and Safety - 9.0%
Education and Training - 8.0%
Others - 55.0%
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
Create a free account to access the tools and information you need to make the best property investment decisions.
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
