Property Finance Calculator

12 Hamilton Street, Holland Park, QLD

3-bed Queenslander · 405 m² · Renovator · Owner-occupier

Exported 24/06/2026 · A4 Portrait

"Good bones, original kitchen + bathroom. Five-min walk to the train. Need to act before the next reno-flipper does."

🏠

01 · Financial Snapshot

$785,000

Purchase Price

$157,000

Your Deposit

$23,800

Remaining Cash

CASH PICTURE

Your Savings$205,000

Total Out-of-Pocket$181,200

Remaining Cash$23,800

UPFRONT COSTS

Deposit (20%)$157,000

Stamp Duty (QLD)$19,600

Transfer + Mortgage Reg$2,250

Building & Pest$550

Conveyancing$1,300

Loan Application$500

Total Required$181,200

02 · Renovation Budget

POOL

$23,800

Available for reno

UNSPENT

$3,300

After planned reno

Item	Cost	Note
🎨 Paint (interior)	$3,800	3 quotes, mid-tier
🛁 Bathroom refresh	$6,500	Vanity, tap, retile shower
🍳 Kitchen tap + benchtop	$4,200	Laminate to stone
🌿 Landscaping (front)	$2,400	Mulch, instant turf, hedge
💡 Lighting + fittings	$1,800	All LED, handles, taps
⚠️ Contingency (10%)	$1,800	Always set aside
Total	$20,500

03 · Loan Repayments

$3,929

Monthly

@ 6.39% p.a.

$1,813

Fortnightly

26× per year

$47,148

Annual

$628k over 30 yr

Total Interest Paid (30 yr)$786,440

Total Amount Paid$1,414,440

Fortnightly Savings$28,420 + 3.4 yr off

LVR at Settlement80.0%

04 · Rent Overlap

Weekly Combined Cost$1,466

Total Overlap Cost (4 wks)$5,864

Cash Left After Overlap$17,936

Reno overlap: 4 weeks paying current rent ($560/wk) plus the new mortgage ($906/wk equivalent).

05 · Risk & Reward

Risk Level42%

Moderate. 80% LVR keeps you out of LMI territory; $24k cash buffer covers ~6 months of repayments.

Reward Potential68%

Strong. Holland Park 5-yr growth: 7.8% p.a. Cosmetic reno typically returns $1.50–$2.20 per $1 spent.

Risk & reward scores are calculated from loan-to-value ratio, cash buffer, government scheme contribution, and suburb-level growth + yield data.

06 · Purchase Timeline

Phase 01 · Week 1–2

Offer Accepted & Contracts Exchanged

Sign contracts, pay deposit. QLD 5 business-day cooling-off applies.

Phase 02 · Week 1–3

Building & Pest Inspection

Book a licensed inspector in week 1. Results within 24–48 hours.

Phase 03 · Week 2–5

Finance & Loan Finalisation

Bank formally approves the loan. Valuation typically lands within 5 business days of submission.

Phase 04 · Week 4–12

Settlement Day 🔑

Title transfers to your name. Keys handed over. You are now a homeowner.

Phase 05 · Weeks 1–4 post-settlement

Reno Overlap Period

4 weeks of double housing cost while tradies finish. Modelled above in section 04.

Phase 06 · Month 3–5

Renovations Complete

Tradies finish, final inspections done. Property ready to move in.

Phase 07 · Month 4–6

Move In & Rent Ends 🎉

You move in and your rent obligation ends.

DISCLAIMER

Figures shown are educational estimates only and not financial advice. Always confirm with your lender, conveyancer and accountant before committing. Stamp duty, LMI, and concession amounts vary by state — EquitySight uses the current FY 2025–26 schedules. Past suburb growth does not guarantee future performance.