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$4.8M
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Discover Parafield Olives, a vast estate tailored for country living, located just minutes from Wagga Wagga. The property spans 530 acres and features a thriving olive grove known for its award-winning varieties. With a spacious 6-bedroom, 4-bath homestead, this estate offers a combination of modern comfort and rural charm. Its diverse landscape, with Sandy Creek flats and undulating hills, supports both livestock and cropping enterprises. Additional amenities include a large Colorbond shed, horse stables, solar-powered bores, and ample water storage. Subdivided into 9 paddocks, the well-fenced property ensures security and flexibility for agricultural pursuits.
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53.7%
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Try Picki for FREE$15,000
-$42,013
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Asking Price
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Estimated Purchase Price
$935,000
Stamp Duty
$36,810
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$93,500
Reg. Mortgage
$164
LMI Premium
$24,077
Renovation Costs
-
Total Cash/Equity Required
$156,746
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
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-
Property Management
+7.7% PA
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Rates
+3.0% PA
$1,102
$1,438
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
-$4,479
-$5,844
Interest Repayments
$55,539
$55,539
Net Cashflow Before Tax
-$60,018
-$61,383
Depreciation
-
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Tax Offset
-$18,005
-$18,415
Net Cashflow After Tax
-$42,013
-$42,968
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Year 1
Year 10
Property Value
6.8%
$1,014,600
$1,834,155
Loan Balance
I.O
$841,500
$841,500
$173,100
$992,655
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2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Public Administration and Safety - 12.0%
Retail Trade - 11.0%
Education and Training - 10.0%
Others - 51.0%
Average Income
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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Monthly % Change in Median House Prices (Prev. Quarter)
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Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
