$699K
$122,506
"Nestled in the highly desirable Prospect Rise Estate, this beautiful 4bedroom, 2bathroom home offers the perfect blend of style, comfort, and convenience. Located just a short walk from Maykbe Rise Primary School, its an ideal choice for families seeking a vibrant lifestyle in a welcoming neighborhood. Step inside to discover a spacious master bedroom, complete with a walkin robe and an ensuite featuring an extralarge shower. Bedrooms 2 and 3 offer ample storage with double sliding robes, while Bedroom 4 boasts its own generous walkin robe. The home is designed for yearround comfort with new ducted reverse air conditioning throughout, and the beautiful wooden flooring in the main living areas adds a touch of modern elegance. A separate lounge provides additional living space, while the openplan kitchen, equipped with 900mm stainless steel appliances, overlooks the family and dining areas, making it perfect for both everyday family meals and entertaining guests. Thoughtfully designed lighting and fresh paint enhances the homes stylish interior, and a new Rheem hot water system ensures energy efficiency. The garage has been fitted with a new motor and the solar system has a new inverter. Step outside to the outdoor patio, perfect for alfresco dining or simply enjoying the fresh air, while the easytomaintain gardens with reticulation add to the homes appeal. A secure double garage completes the package, offering both safety and convenience. With its spacious layout, modern features, and practical design, this home provides the perfect environment for family living. Dont miss your chance to make it yours"
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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
Retail Trade - 16.0%
Health Care and Social Assistance - 14.0%
Education and Training - 13.0%
Public Administration and Safety - 12.0%
Others - 45.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price
-
77%
$660K
5.7%
-$10,000
-$11,523
4.8%
3.6%
-9.5%
6.0%
Asking Price
$699,000
Estimated Purchase Price
$710,000
Stamp Duty
$27,740
Transfer Fee
$353
Conveyancing
$1,535
Deposit (10%)
$71,000
Reg. Mortgage
$203
LMI Premium
$20,245
Renovation Costs
-
Total Cash/Equity Required
$121,626
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+8.2% PA
$2,772
$3,945
Rates
+3.0% PA
$1,611
$2,102
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
$25,712
$37,227
Interest Repayments
$42,174
$42,174
Net Cashflow Before Tax
-$16,462
-$4,947
Depreciation
-
-
Tax Offset
-$4,938
-$1,484
Net Cashflow After Tax
-$11,523
-$3,463
Assumptions
Year 1
Year 10
Property Value
6.8%
$747,600
$1,351,483
Loan Balance
I.O
$639,000
$639,000
$108,600
$712,483
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