$169K
$25,290
"Welcome to Westerway, which is situated right in the heart of the beautiful Derwent Valley region just over a 20 minute scenic drive from the New Norfolk Township. This parcel of land has the Westerway Primary School just a few hundred meters in one direction and the famous Tassie Raspberry Farm local shop in the other direction with Mount Field National Park almost a stone throwing distance awayin other words surrounded by all the good things that Tassie has to offer Large level 4440m2 Block Fully fenced Multiple house sites Private internal block Close to all facilities Winter creek running at the boundary BelleParkerhomes have made every effort to ensure the accuracy of the information contained herein, however, we cannot guarantee its accuracy. While there is no reason to doubt its accuracy, guarantee cannot be assured. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate."
-
61.1%
-
-
$10,000
-$7,486
4.8%
3.5%
-10.6%
6.0%
Asking Price
-
Estimated Purchase Price
$430,000
Stamp Duty
$15,273
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$43,000
Reg. Mortgage
$152
LMI Premium
$9,506
Renovation Costs
-
Total Cash/Equity Required
$70,561
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+8.8% PA
$1,830
$2,605
Rates
+3.0% PA
$922
$1,203
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
$14,848
$21,621
Interest Repayments
$25,542
$25,542
Net Cashflow Before Tax
-$10,694
-$3,921
Depreciation
-
-
Tax Offset
-$3,208
-$1,176
Net Cashflow After Tax
-$7,486
-$2,744
Assumptions
Year 1
Year 10
Property Value
6.8%
$469,920
$849,504
Loan Balance
I.O
$387,000
$387,000
$82,920
$462,504
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2016 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
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price