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$8.4M
-
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$8,100,000
Medium
$7,200,000
Low
$6,300,000
Confidence
Low
Discover the historic Dungowan Station, established in 1834, located 33km east of Tamworth. This distinguished estate spans 1,612 hectares offering extensive agricultural potential. The centerpiece is a double brick homestead built in 1903 with 4 bedrooms and expansive living areas, surrounded by landscaped gardens. The property features impressive water infrastructure including Dungowan Creek frontage and multiple water licenses supporting center pivot irrigation. Productive farmland suitable for a variety of crops enhances the agricultural appeal. A unique commercial income stream derives from the Dungowan Brewery leased under favorable terms, adding a hospitality dimension to this versatile estate.
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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...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
0%
67.7%
-
-
Unlock Property Investment Scores
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Try Picki for FREE-$1,200,000
-$301,959
0.9%
Asking Price
$8,400,000
Estimated Purchase Price
$8,400,000
Stamp Duty
$518,480
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$840,000
Reg. Mortgage
$164
LMI Premium
$237,366
Renovation Costs
-
Total Cash/Equity Required
$1,598,206
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
$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
$67,590
$96,724
Interest Repayments
$498,960
$498,960
Net Cashflow Before Tax
-$431,370
-$402,236
Depreciation
-
-
Tax Offset
-$129,411
-$120,671
Net Cashflow After Tax
-$301,959
-$281,565
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$7,689,600
$13,900,967
Loan Balance
I.O
$7,560,000
$7,560,000
$129,600
$6,340,967
