$665K
$112,048
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Try Picki for FREEConfidence
High
High
$710,000
Medium
$665,000
Low
$620,000
Confidence
Not applicable
Discover a rare opportunity on a 5-acre property located amidst flourishing vegetable farms. This land features solid black soil, ideal for growing crops, alongside ample water access. The property includes a solid, older highset home needing renovation, offering flexibility for future expansion. A large shed provides secure storage for farm equipment. Water is plentiful with an agricultural bore and 10 megalitres of registered water rights from Lockyer Creek. Located just 5 minutes from Lowood, this property offers privacy, convenience, and agricultural potential.
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64.7%
$905K
2.8%
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Try Picki for FREE$5,000
-$30,764
-
Asking Price
$665,000
Estimated Purchase Price
$660,000
Stamp Duty
$22,725
Transfer Fee
$2,247
Conveyancing
$1,665
Deposit (10%)
$66,000
Reg. Mortgage
$224
LMI Premium
$18,637
Renovation Costs
-
Total Cash/Equity Required
$112,048
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,093
$1,426
Water
+3.0% PA
$1,401
$1,828
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
-$4,744
-$6,190
Interest Repayments
$39,204
$39,204
Net Cashflow Before Tax
-$43,948
-$45,394
Depreciation
-
-
Tax Offset
-$13,184
-$13,618
Net Cashflow After Tax
-$30,764
-$31,776
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$710,220
$1,283,909
Loan Balance
I.O
$594,000
$594,000
$116,220
$689,909
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2021 Population
Suburbs
Manufacturing - 18.0%
Agriculture, Forestry and Fishing - 13.0%
Education and Training - 11.0%
Retail Trade - 9.0%
Others - 49.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
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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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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