$1000K
$154,636
"If you would like a country lifestyle with the convenience of being close to the ocean, then this is the property for you. Situated just 25 minutes from Rockhampton, 30 minutes from Emu Park and minutes from Rockhamptons two major Meatworks, you will find this 603acre property of improved pastures, consisting of Wynn Cassia, Seca Stylo, Silk Sorghum, Bufffel Rhodes Grass. There is a lowset open plan Fibro Brick Home with 2 bedrooms, 1 x bathroom and leanto. Beside the house you will find a 20x10 meter 5 bay shed for the handyman. There are 2 x 5,500gal tanks with one being for the house which is fed by a bore equipped with diesel Lister Motor pump attached and one for livestock. On the house there is a there is 5KV Solar power along with a 10KVA Genset. Down from the house you will find a large dam with a BBQ Area and shack. The property is fenced into 6 x paddocks and has 1 x small dam. Properties like this will not last long and your inspection is a must. Please contact Brian 0417 667 668 to arrange your inspection today."
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77.6%
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-$225,000
-$21,316
3.5%
2.6%
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6.0%
Asking Price
$1,000,000
Estimated Purchase Price
$900,000
Stamp Duty
$33,525
Transfer Fee
$3,258
Conveyancing
$1,665
Deposit (10%)
$90,000
Reg. Mortgage
$224
LMI Premium
$25,414
Renovation Costs
-
Total Cash/Equity Required
$154,636
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
Rates
+3.0% PA
$2,138
$2,790
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
$23,009
$33,435
Interest Repayments
$53,460
$53,460
Net Cashflow Before Tax
-$30,451
-$20,025
Depreciation
-
-
Tax Offset
-$9,135
-$6,008
Net Cashflow After Tax
-$21,316
-$14,018
Assumptions
Year 1
Year 10
Property Value
6.8%
$720,900
$1,303,216
Loan Balance
I.O
$810,000
$810,000
-$89,100
$493,216
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2021 Population
Suburbs
Education and Training - 12.0%
Accommodation and Food Services - 11.0%
Retail Trade - 11.0%
Health Care and Social Assistance - 10.0%
Others - 56.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price