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$47,704
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Discover an expansive opportunity with 5,500 acres available across four holdings in a region known for land use change and irrigation development. This rare find offers sandy loam, well-draining soils, and multiple bores. The vendor notes an annual rainfall of 275mm, with tanks connected by a 32mm pipe. Current crop rotations include barley and lupins, with 100 kg/ha fertiliser applications. A separate bore is available for negotiation. The potential for a 4ha subdivision on the home block adds to this property's appeal. Expression of interest closes on October 30, 2024.
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77.6%
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Try Picki for FREE$270,000
-$4,685
-
Asking Price
$30,000
Estimated Purchase Price
$30,000
Stamp Duty
$480
Transfer Fee
$230
Conveyancing
$1,226
Deposit (10%)
$3,000
Reg. Mortgage
$187
LMI Premium
$518
Renovation Costs
-
Total Cash/Equity Required
$6,191
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,390
$1,814
Water
+3.0% PA
$1,271
$1,658
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
-$4,911
-$6,408
Interest Repayments
$1,782
$1,782
Net Cashflow Before Tax
-$6,693
-$8,190
Depreciation
-
-
Tax Offset
-$2,008
-$2,457
Net Cashflow After Tax
-$4,685
-$5,733
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$320,400
$579,207
Loan Balance
I.O
$27,000
$27,000
$293,400
$552,207
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 52.0%
Health Care and Social Assistance - 10.0%
Education and Training - 9.0%
Public Administration and Safety - 6.0%
Others - 23.0%
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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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
