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Mernda Villages

 
 

Hodgson Rise Mernda VIC 3754 Australia

Investment Property in Mernda, Melbourne, Victoria
 
 
 
 
 
NRAS
This investment property is eligible for the National Rental Affordability Scheme (NRAS): Government backed 10 year rental incentive.

House & Land   3326

Select Investment Property: 

Physical Attributes

Status: Available Compass: East of Melbourne
Aspect: North Title: Torrens
Bedrooms: 4 Bathrooms: 2 (1 Ensuite)
 
House Area: 227.5 sqm Land Area: 448 sqm
Elevation: 166.3m above sea level
Parking:
 
Special Needs: No 
On-Site Manager: No
Inspection Times: Appointment Only
 
Investment Property Overview
This is a house & land property within the Mernda Villages project. Includes a dining room, a lounge room and laundry. Other features include air conditioning, stainless steel appliances and gas cooktop. The development has security parking.

An enchanting community designed around nature, with a future Village Centre that will bring specialty shops, a supermarket, childcare and a Community Activity Centre to your door. Just ten minutes drive to Westfield Shopping Centre and RMIT Bundoora Campus St. Josephs Catholic Primary on site and now open Extensive parks, wetlands, boardwalks, bike trails and play areas throughout

Investment Information

Costs

Price: $461,400 Stamp Duty: $9,170
Min Cash Deposit: 10% Land Value: $235,000
 

Capital Growth

 
Capital Growth
Historical capital growth data provided updated at the end of Q1 each year.

Population Changes

 
Historical Population Change
Historical data provided by the Australian Bureu of Statistics (ABS) and updated at the end of Q1 each year.
9.46% p.a. (Historical) 22.33% p.a. (Historical)
4.89% (2011) 21.62% (2011)
 
 
Investment Returns
Various units of measurement for investment property performance.

Investment Returns

 
Total Return
The sum of 'Predicated Capital Growth' and 'Gross Yield'.
Total Return: 10.99%
Gross Yield: 4.33%
 
Gross Yield
Annual rental income as a percentage of purchase price BEFORE factoring expenses.
 
Weekly Cash Flow
The weekly cash flow the investment averages over 10 years.
Weekly Cash Flow: -$42
Net Yield: 3.72%
 
Net Yield
Annual rental income as a percentage of purchase price AFTER factoring non-finance expenses.
 
Internal Rate of Return (IRR)
Represents the effective 'interest rate' that you receive for your cash invested over a 10 year period.
IRR: 22.22% Market Rent: $400 per week.
 
 
Investment Assumptions
These are the values that have been used or entered by you at the top of the page to perform the calculations.

Your Investment Assumptions

Total Income: $85,000
 
Loan Amount
Price:$461,400
+Stamp Duty:$9,170
+Conveyancing:$950
+Dep. Report:$575
+Closing Costs:$0
+Loan Costs:$2,130
-Cash Invested$46,140
Loan Amount$428,085
Loan Amount: $428,085
Rent Per Week: $400 Rental Vacancy Rate: 4.00%
Interest Rate: 6.75% Inflation Rate: 3.6%
Cash Deposit: $46,140 NRAS: No
 
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