Overview
Capital gain: maximised value increase in the short term
$570,000
Property value
$720,000
Property value
$570,000
Property value
$720,000
Property value
Rental return: maximised rental income
$400
Weekly rent
$20,800
Yearly rent
$500
Weekly rent
$26,000
Yearly rent
$400
Weekly rent
$20,800
Yearly rent
$500
Weekly rent
$26,000
Yearly rent
Tax concession
Renovation tax depreciation
$5,368
Refinancing
Gained value after renovation
$120,000
High LVR loan
Percentage of the property purchase price
80%
Additional benefits for property purchases
$70,000
below market price
5%
down payment only
120
days settlement
30
days renovation prior to settlement
Reno-for-Investment due diligence
Suburb due diligence: Frankston
Main age group
Family composition
Housing type
Number of bedrooms
Number of cars
Secondary school
Frankston High School
27th in VCE Public School Ranking
Tertiary school
Monash University
Peninsula Campus
Analysis
Middle-aged married couples account for the majority of property buyers in Frankston, and a 3-bedroom house with a parking space is the most popular choice. For purchase of houses in Frankston for renovation investment, the overall design needs to match local demand.
Frankston has a top-ranked public high school. Housing prices and rental incomes in the school district are higher than in other parts of this suburb.
Price due diligence: Frankston
(House)
Analysis
Get an in-depth analysis of historical housing price trends and current market dynamics in Frankston to ensure that the property is purchased at the best price, and accurately predict the secondary sale price or rental income after renovation.
Property due diligence: Frankston
Analysis
Prior to purchase, make sure that the property is free of any major structural defects and other hidden damage. If there are problems, negotiate a better price with the vendor.