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$779K
$119,846
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Try Picki for FREEConfidence
High
High
$800,000
Medium
$770,000
Low
$740,000
Confidence
Medium
This inviting 4-bedroom, 2-bathroom home in the sought-after Ocean Lagoon Development boasts a spacious 694m2 block, ideal for families. With modern features including ducted reverse cycle air conditioning, ceiling fans in all bedrooms, and a 5KW inverter with 16 solar panels, this property offers comfort and energy efficiency. The home encompasses an open-plan living, dining, and kitchen area leading to an enclosed patio perfect for entertaining. Additional highlights include a powered workshop, new carpets, plantation shutters, and a newly-opened nearby transport network for easy commuting.
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82.6%
$875K
5.1%
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Try Picki for FREE$30,000
-$13,767
4.4%
Asking Price
$779,000
Estimated Purchase Price
$740,000
Stamp Duty
$29,226
Transfer Fee
$353
Conveyancing
$1,535
Deposit (10%)
$74,000
Reg. Mortgage
$203
LMI Premium
$21,100
Renovation Costs
-
Total Cash/Equity Required
$126,967
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$32,240
$45,888
Property Management
+8.2% PA
$2,644
$3,763
Rates
+3.0% PA
$1,603
$2,092
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
$24,288
$35,199
Interest Repayments
$43,956
$43,956
Net Cashflow Before Tax
-$19,668
-$8,757
Depreciation
-
-
Tax Offset
-$5,900
-$2,627
Net Cashflow After Tax
-$13,767
-$6,130
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$822,360
$1,486,631
Loan Balance
I.O
$666,000
$666,000
$156,360
$820,631
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2021 Population
Suburbs
Construction - 16.0%
Retail Trade - 13.0%
Education and Training - 12.0%
Manufacturing - 9.0%
Others - 50.0%
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
