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Gross yield is the rental income as a percentage of the purchase price of a property.

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Parkview Gardens

Search Investment Properties » Parkview Gardens » Best Performing
 
 

190 Park Road Auburn NSW 2144 Australia

Investment Property in Auburn, Sydney, New South Wales
 
 
 
 
 
NRAS
This investment property is eligible for the National Rental Affordability Scheme (NRAS): Government backed 10 year rental incentive.

Apartment   8

Select Investment Property: 

Physical Attributes

Level: 1
Status: Available Compass: East of Sydney
Aspect: West Title: Strata
Bedrooms: 3 Bathrooms: 2 (1 Ensuite)
 
Internal Area: 118 sqm External Area: 35 sqm
Total Area: 153 sqm
Views: No Furniture Package: No
Parking: 2 
Completion Date: 01/06/2010
 
Special Needs: No 
On-Site Manager: No
Inspection Times: Appointment Only
 
Investment Property Overview
This is an apartment investment property within the Parkview Gardens project. It also includes a dining room, a lounge room, laundry. Other features include air conditioning, stainless steel appliances.

Parkview Gardens is a Brand New boutique 3 level walk up complex of only 10 large 3 bedroom apartments. Most apartments come with two car spaces and all have separate storages.

The apartments are all of high quality finishes with large main bedrooms, built in wardrobes, modern kitchens and stylish bathrooms.

Located within close proximity to two Golf courses, shops and schools; Berala train station is only a 15 min walk.

Potential rent is of $550-$580 per week as per local property manager’s appraisal

Investment Information

Price: $430,000
Capital Growth
 
Capital Growth
Historical and Predictive capital growth data provided by Residex and updated at the end of Q1 each year.
 
Total Return
The sum of 'Predicated Capital Growth' and 'Gross Yield'.
 Total Return: 13.75% 7.18% p.a. (Historical)
 
Weekly Cash Flow
The weekly cash flow the investment averages over 10 years.
 Weekly Cash Flow: -$9 8.00% (2009)
 
Internal Rate of Return (IRR)
Represents the effective 'interest rate' that you receive for your cash invested over a 10 year period.
 IRR: 25.98% 7.60% p.a. (5 year predictive)
Gross Yield: 6.15%
 
Gross Yield
Annual rental income as a percentage of purchase price BEFORE factoring expenses.
Population Changes
 
Historical Population Change
Historical data provided by the Australian Bureu of Statistics (ABS) and updated at the end of Q1 each year.
Net Yield: 4.93%
 
Net Yield
Annual rental income as a percentage of purchase price AFTER factoring non-finance expenses.
 2.85% p.a. (Historical)
Min Cash Deposit: 10% 3.56% (2009)
Stamp Duty: $14,840
 Market Rent: $530 per week. 
 
 
Depreciation
Amount that may be depreciated where tax allowances apply (subject to investor's circumstances).

Applicable for both building and fixtures.

Depreciation
Building: $216,054 Fixtures: $33,593
 
 
Levies
Recurring expenses associated with owning the property which the landlord is generally required to pay. These costs are estimates provided by the lister of the property and are factored into all performance calculations.

Levies
Council: $700 p.a. Water: $300 p.a.
Strata Fee: $1,800 p.a.
 
Expenses
Management Fee$1852
Land Lord Insurance$350
Maintenance$250
Strata$1,800
Council$700
Water$300
Year 1 Expenses$5,252
10 Year Average$5,993
Expenses are indexed to CPI.
Expenses: $5,252
 
 
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:$430,000
+Stamp Duty:$14,840
+Conveyancing:$1,500
+Dep. Report:$545
+Closing Costs:$0
+Loan Costs:$4,039
-Cash Invested$43,000
Loan Amount$407,924
Loan Amount: $407,924
Rent Per Week: $530 Rental Vacancy Rate: 4.00%
Interest Rate: 7.25% Inflation Rate: 2.9%
Cash Deposit: $43,000 NRAS: No
 

Area Information

Map & Streetview

Investment Property Synopsis

Close To
Bus
Local Shops
Schools
Restaurants/Cafes

Price List

View All Properties
ActionsProperty InformationCapital GrowthReturn (p.a.)Rental YieldCash Flow
  ProjectEstatePostTypeBedsBathsPriceMinimum Deposit5yr ForecastNet IRRTotal Return Net Gross Per Week
view Parkview Gardens investment property
Parkview Gardens82144Apartment32$430,000 $43,000 7.60%25.98%13.75% 4.93% 6.15% -$9
view Parkview Gardens investment property
Parkview Gardens72144Apartment32$430,000 $43,000 7.60%25.98%13.75% 4.93% 6.15% -$9
view Parkview Gardens investment property
Parkview Gardens12144Apartment22$430,000 $43,000 7.60%25.98%13.75% 4.93% 6.15% -$9
view Parkview Gardens investment property
Parkview Gardens52144Apartment32$430,000 $43,000 7.60%25.64%13.64% 4.82% 6.04% -$15
view Parkview Gardens investment property
Parkview Gardens42144Apartment22$430,000 $43,000 7.60%25.64%13.64% 4.82% 6.04% -$15
view Parkview Gardens investment property
Parkview Gardens32144Apartment32$440,000 $44,000 7.60%25.56%13.61% 4.82% 6.01% -$17
view Parkview Gardens investment property
Parkview Gardens22144Apartment32$440,000 $44,000 7.60%25.56%13.61% 4.82% 6.01% -$17