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10/102 Colac Road, Highton$435,000

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For Saleapartment

10/102 Colac Road

Highton, VIC 3216, Australia

$435,000

2 bed 1 bath 1 car

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About this property

Yes it's easy to hop on the bandwagon. When everybody else is buying property we tend to follow like sheep. So now with a more "normal" market you ask yourself what do I do ? Well the answer is quite simple. Be astute and invest in something that has high occupancy demand and a good return. This one fits the bill perfectly. Currently leased at $375 per week it is both the complex and the location that makes it so attractive. In Highton yet right on the cusp of Waurn Ponds Shopping Centre and Leisurelink also means it is ideal for Deakin Uni, Epworth and associated businesses. Jump on the Ring road to Melbourne one way or off to Colac or Anglesea the other. This is an easy 'set and forget' investment ready to go.

Property Details

Property Type: apartment
Listing Type: For Sale
Bedrooms: 2
Bathrooms: 1
Parking: 1
Listed: 3 months ago

Repayment calculator

$2,109/month

$1,054 /fortnight

Loan $348,000 at 6.10% over 30 years

Upfront costs

Deposit$87,000

Stamp duty$21,170

Conveyancing (est.)$2,000

Total upfront$110,170

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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Highton

This 2-bedroom apartment in Highton, VIC 3216 sits within reach of public transport, local shops and nearby schools. It is listed 44% below the $774,000 median of 65 comparable apartmentswithin 5 km.

Schools near Highton

Christian College Geelong - Middle School – Hightoncombined · Prep-12 · CoEd
Bellaire Primary Schoolprimary · Prep-6 · CoEd
Highton Primary Schoolprimary · Prep-6 · CoEd
Montpellier Primary Schoolprimary · Prep-6 · CoEd

What's nearby

Unnamed (bus) — 2.5 km away
Fish Mongrels — 2.6 km away
Cedmar Reserve — 2.0 km away
Iona Reserve — 2.1 km away
Shoubra Reserve — 2.2 km away

Highton at a glance

Full suburb profile

Population: 20,736
Median age: 39
Household income: $2,054/wk
Median rent: $360/wk
Median mortgage: $2,000/mo

Source: ABS Census.

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