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$2M
$318,713
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$620,000
Medium
$580,000
Low
$540,000
Confidence
Low
This versatile 79-acre equine and farming property adjacent to the University of Queensland offers substantial equine infrastructure and cropping land. Featuring 20 half-acre day yards, a floodlit sand arena, and accommodation in high demand, it's ideal for agistment and farming ventures. Equipped with three bores, a dam, and rainwater tanks, the property also includes a spacious homestead with four bedrooms, a study, and ample storage. Located in the heart of Lockyer Valley, it's close to Forest Hill and a short drive to Gatton and Toowoomba.
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72%
$500K
1.9%
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Try Picki for FREE$575,000
+
468.0%
Asking Price
$6,000
Estimated Purchase Price
$5,000
Stamp Duty
-
Transfer Fee
$224
Conveyancing
$1,665
Deposit (10%)
$500
Reg. Mortgage
$224
LMI Premium
$85
Renovation Costs
-
Total Cash/Equity Required
$3,248
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,898
$2,476
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
$16,049
$23,501
Interest Repayments
$297
$297
Net Cashflow Before Tax
$15,752
$23,204
Depreciation
-
-
Tax Offset
$4,726
$6,961
Net Cashflow After Tax
$11,027
$16,243
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$619,440
$1,119,800
Loan Balance
I.O
$4,500
$4,500
$614,940
$1,115,300
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 21.0%
Education and Training - 14.0%
Retail Trade - 9.0%
Health Care and Social Assistance - 8.0%
Others - 48.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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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
