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$5.5M
$1,023,260
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$5,400,000
Medium
$4,800,000
Low
$4,200,000
Confidence
Low
Windfall Manilla is a vast 1489-hectare property located 22 kilometers from Manilla and one hour north of Tamworth. Positioned along the Namoi River with a 1.3 km river frontage, this expansive land offers large-scale grazing, irrigation, and livestock fattening. It boasts fertile red basalt and alluvial soils, ideal for agriculture. Features include a 5-bedroom homestead, a 2-bedroom visitor accommodation, a workers' cottage, and numerous sheds and silos. Equipped with two irrigation licenses, the property supports a capacity of up to 5000 DSE, making it a prime choice for agricultural endeavors.
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Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Retail Trade - 12.0%
Education and Training - 9.0%
Manufacturing - 8.0%
Others - 55.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
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No data available
No data available
Average Days of Supply
No data available
No data available
No data available
0%
76.3%
-
-
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Try Picki for FREE-$700,000
-$204,895
0.8%
Asking Price
$5,500,000
Estimated Purchase Price
$5,500,000
Stamp Duty
$315,480
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$550,000
Reg. Mortgage
$164
LMI Premium
$155,418
Renovation Costs
-
Total Cash/Equity Required
$1,023,258
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Property Management
+7.7% PA
$3,203
$4,559
Rates
+3.0% PA
$1,027
$1,340
Water
+3.0% PA
$1,127
$1,470
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$33,993
$48,904
Interest Repayments
$326,700
$326,700
Net Cashflow Before Tax
-$292,707
-$277,796
Depreciation
-
-
Tax Offset
-$87,812
-$83,339
Net Cashflow After Tax
-$204,895
-$194,457
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$5,126,400
$9,267,312
Loan Balance
I.O
$4,950,000
$4,950,000
$176,400
$4,317,312
