$199K
$28,449
"This level allotment of approximately 1214 sqm approx. is located just metres from the town and offers beautiful mountainous vistas and the tranquillity of rural living. This prime piece of land isnt just a vacant block its an invitation to create your dream home or establish a weekenderholiday retreat away from the hustle and bustle. Contact Ferg Horan today on 0417 123 162 to make this exceptional rural block your reality. Disclaimer Prospective purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. For a Due Diligence Checklist go to httpwww.consumer.vic.gov.auduediligencechecklist"
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9.8%
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Asking Price
$199,000
Estimated Purchase Price
$185,000
Stamp Duty
$6,170
Transfer Fee
$539
Conveyancing
$1,196
Deposit (10%)
$18,500
Reg. Mortgage
$129
LMI Premium
$3,161
Renovation Costs
-
Total Cash/Equity Required
$30,244
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
Rates
+3.0% PA
$1,695
$2,212
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$11,839
$17,438
Interest Repayments
$10,989
$10,989
Net Cashflow Before Tax
$850
$6,449
Depreciation
-
-
Tax Offset
$255
$1,935
Net Cashflow After Tax
$595
$4,514
Assumptions
Year 1
Year 10
Property Value
6.8%
$427,200
$772,276
Loan Balance
I.O
$166,500
$166,500
$260,700
$605,776
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Construction - 10.0%
Others - 54.0%
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