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$230K
$40,298
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Try Picki for FREEConfidence
High
High
$280,000
Medium
$250,000
Low
$220,000
Confidence
N/A
Nestled in the heart of Cluster 2A of the vibrant Witchcliffe Ecovillage, this 450sqm Cottage lot offers unrivaled value and a thriving community lifestyle. Featuring a 100sqm Exclusive Use Area productive garden, this plot is designed for sustainable living, promoting self-sufficiency in water and electricity. With homes built to rigorous Sustainable Building Design Guidelines, the lead in cost savings is substantial. The enriched community setting boasts a community meeting house, shared gardens, and future amenities like a pub, with shared activities fostering a close-knit neighborhood. Its position ensures quick access to the Village Square and Witchcliffe town center.
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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
Accommodation and Food Services - 13.0%
Retail Trade - 12.0%
Manufacturing - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 54.0%
Average Income
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 FREEAverage Population
projected
for 2024 to 2026
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
0%
75.1%
$373K
9.5%
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Try Picki for FREE-$10,000
-$14,679
-
Asking Price
$230,000
Estimated Purchase Price
$260,000
Stamp Duty
$7,315
Transfer Fee
$253
Conveyancing
$1,535
Deposit (10%)
$26,000
Reg. Mortgage
$203
LMI Premium
$4,443
Renovation Costs
-
Total Cash/Equity Required
$40,299
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+8.2% PA
-
-
Rates
+3.0% PA
$1,821
$2,376
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
-$5,526
-$7,210
Interest Repayments
$15,444
$15,444
Net Cashflow Before Tax
-$20,970
-$22,654
Depreciation
-
-
Tax Offset
-$6,291
-$6,796
Net Cashflow After Tax
-$14,679
-$15,858
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$267,000
$482,672
Loan Balance
I.O
$234,000
$234,000
$33,000
$248,672
