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$569K
$96,943
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Try Picki for FREEConfidence
High
High
$620,000
Medium
$595,000
Low
$570,000
Confidence
Medium
Welcome to 58 Bushby Street, Midvale. This charming 3-bedroom, 1-bathroom home sits on a vast 870m2 R40 zoned lot, offering a prime opportunity for investors seeking value. Built in 1969, the property presents a solid investment foundation in a convenient location near parks, recreational facilities, and major shopping centers. At a competitive price, this home promises great value in the current market. Don’t miss securing this gem in a sought-after neighborhood. Potential for expansion exists, as the neighboring lot is also available, combining for a total of 1740m2.
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11%
66.1%
$390K
8%
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-$7,552
5.5%
Asking Price
$595,000
Estimated Purchase Price
$595,000
Stamp Duty
$22,278
Transfer Fee
$313
Conveyancing
$1,535
Deposit (10%)
$59,500
Reg. Mortgage
$203
LMI Premium
$16,966
Renovation Costs
-
Total Cash/Equity Required
$101,344
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$32,760
$46,628
Property Management
+8.2% PA
$2,686
$3,823
Rates
+3.0% PA
$1,814
$2,367
Water
+3.0% PA
$1,455
$1,898
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$24,555
$35,603
Interest Repayments
$35,343
$35,343
Net Cashflow Before Tax
-$10,788
$260
Depreciation
-
-
Tax Offset
-$3,236
$78
Net Cashflow After Tax
-$7,552
$182
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$635,460
$1,148,760
Loan Balance
I.O
$535,500
$535,500
$99,960
$613,260
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
Education and Training - 13.0%
Retail Trade - 11.0%
Public Administration and Safety - 10.0%
Construction - 9.0%
Others - 57.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
