Withheld
$12,202
"Location Located just 50 minutes 67km to Albury CBD via Jindera and Burrumbuttock. 36 minutes 46km Corowa Sale yards. 1hr and 20 minutes 125km to Wagga Wagga. Rainfall Regarded as genuine 20inch rainfall area along with a mild climate on average over the three seasons. Topography Highly productive Red loam soils with a small amount of grey soil throughout, currently evenly split in three sections 1 part Canola, 1 part wheat and 1 part pasture Phalaris, rye, clover mix. A strong history of inputs throughout the current tenure. 95 arable. Fencingwaterimprovements Fencing is described as excellent throughout. Water by way of three 3 reliable catchment dams and sealed silo 48 tonne approx. suitable for grain or seed. Agents remarks An outstanding opportunity for someone to purchase a topquality addon block or someone starting out in the farming industry, we highly recommend an inspection Settlement available after 2024 harvest. Contact Bart Hanrahan 0455 583 652 Mick Unthank 0418 694 261"
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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
Agriculture, Forestry and Fishing - 31.0%
Education and Training - 11.0%
Manufacturing - 9.0%
Health Care and Social Assistance - 7.0%
Others - 42.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply
-
72.7%
-
-
$280,000
+
390.0%
339.0%
946.1%
6.0%
Asking Price
$20,000
Estimated Purchase Price
$20,000
Stamp Duty
$260
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$2,000
Reg. Mortgage
$164
LMI Premium
$309
Renovation Costs
-
Total Cash/Equity Required
$4,928
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$78,000
$111,018
Property Management
+7.7% PA
$6,006
$8,548
Rates
+3.0% PA
$816
$1,065
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
$67,801
$96,999
Interest Repayments
$1,188
$1,188
Net Cashflow Before Tax
$66,613
$95,811
Depreciation
-
-
Tax Offset
$19,984
$28,743
Net Cashflow After Tax
$46,629
$67,068
Assumptions
Year 1
Year 10
Property Value
6.8%
$320,400
$579,207
Loan Balance
I.O
$18,000
$18,000
$302,400
$561,207
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