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Withheld
$6,190
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Try Picki for FREEConfidence
Medium to High
High
$33,000
Medium
$29,000
Low
$25,000
Confidence
Not Applicable
Turners Well is a promising mixed farming property spanning approximately 1,642.95 hectares (4,059.8 acres), with an estimated 3,751 acres arable. The estate consists of sandy loam soils ideal for efficient cropping, gently undulating topography, and multiple road frontages for easy access. The property is divided into 11 paddocks, all serviced by a central bore. Notable improvements include a timber frame house, a 3-stand shearing shed, and several sheds. Located 16km north of Karoonda and 62km from Murray Bridge, this property offers a valuable investment opportunity with potential for quick value addition. The sale concludes with registrations of interest on 29th October 2024.
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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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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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Trusted by over 13,000 property buyers and counting...
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.
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Average Days of Supply
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0%
76.5%
-
-
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-$4,685
-
Asking Price
$29,000
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%
$32,040
$57,921
Loan Balance
I.O
$27,000
$27,000
$5,040
$30,921
