The information provided is for general informational purposes only. While we strive for accuracy, we make no guarantees about the completeness or reliability of the content. Any reliance you place on this information is at your own risk, and we are not liable for any losses or damages arising from its use.
Additionally, our site may contain links to external websites, which we do not control. The inclusion of these links does not imply endorsement of their content. By using Picki, you accept this disclaimer and acknowledge that the information may not be suitable for all users.
© 2024 Picki. All rights reserved.
$895K
$142,851
Unlock Appraised Value
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEConfidence
Medium
High
$900,000
Medium
$820,000
Low
$740,000
Confidence
Not Applicable
Experience the unique allure of countryside living at 364 Back River Road, Magra. This charming family home, situated on over 20 acres of lush pasture, offers an exceptional blend of comfort, space, and rural tranquility. The three-bedroom residence features an open-plan design ideal for both entertaining and everyday family activities. The property boasts a reliable town water supply and a picturesque creek along its boundary, amplifying its serene character. Several outbuildings, including stables, offer versatile use, while the fully fenced land with multiple paddocks is perfect for livestock or agriculture. Don't miss this remarkable opportunity.
Trusted by over 13k property buyers and counting...
Try Picki for FREEBelow are some similar properties in the area you may be interested in.
0%
86.9%
-
-
Unlock Property Investment Scores
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREE-$15,000
-$37,957
-
Asking Price
$895,000
Estimated Purchase Price
$835,000
Stamp Duty
$32,760
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$83,500
Reg. Mortgage
$152
LMI Premium
$23,809
Renovation Costs
-
Total Cash/Equity Required
$142,851
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+8.8% PA
-
-
Rates
+3.0% PA
$1,425
$1,859
Water
+3.0% PA
$950
$1,240
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
-$4,625
-$6,035
Interest Repayments
$49,599
$49,599
Net Cashflow Before Tax
-$54,224
-$55,634
Depreciation
-
-
Tax Offset
-$16,267
-$16,690
Net Cashflow After Tax
-$37,957
-$38,944
Unlock the power of Picki
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$875,760
$1,583,166
Loan Balance
I.O
$751,500
$751,500
$124,260
$831,666
Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Manufacturing - 16.0%
Health Care and Social Assistance - 13.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 11.0%
Others - 49.0%
Average Income
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
Create a free account to access the tools and information you need to make the best property investment decisions.
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
