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$595K
$92,834
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Try Picki for FREEConfidence
High
High
$650,000
Medium
$595,000
Low
$540,000
Confidence
N/A
Explore a rustic lifestyle near Gawler with these two rural properties at Bibaringa. Situated in a picturesque area, Lot 203 spans 2.686 hectares while Lot 202 covers 2.448 hectares, nestled in a productive rural landscape. Conveniently zoned for dwellings, each lot offers privacy and an opportunity for development. Lack of public utilities necessitates self-sufficient living or alternative arrangements. Residents can reach Gawler's amenities in just five minutes by car, and Adelaide is within a 50-minute drive. These rare plots offer a tranquil escape with potential grazing benefits through a lease-back arrangement.
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88.4%
$691K
5.5%
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Try Picki for FREE$75,000
-$25,464
-
Asking Price
$595,000
Estimated Purchase Price
$520,000
Stamp Duty
$22,430
Transfer Fee
$4,835
Conveyancing
$1,226
Deposit (10%)
$52,000
Reg. Mortgage
$187
LMI Premium
$11,607
Renovation Costs
-
Total Cash/Equity Required
$92,835
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,968
$2,568
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
-$5,489
-$7,162
Interest Repayments
$30,888
$30,888
Net Cashflow Before Tax
-$36,377
-$38,050
Depreciation
-
-
Tax Offset
-$10,913
-$11,415
Net Cashflow After Tax
-$25,464
-$26,635
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$635,460
$1,148,760
Loan Balance
I.O
$468,000
$468,000
$167,460
$680,760
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2021 Population
Suburbs
Retail Trade - 19.0%
Health Care and Social Assistance - 19.0%
Education and Training - 12.0%
Accommodation and Food Services - 10.0%
Others - 40.0%
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
