Withheld
$172,636
"Loads of shedding, spring fed dam, large paddock for the animals, lovely gardens including multiple varieties of roses, established trees and bird life. A start at owning your very own lifestyle property you could find no cheaper and more convenient The home in need of much work has 4 bedrooms and is of Iron bark frame. The views from the property are dreamy of farmland for miles to mountain ranges at the horizon. Massive shedding includes 24x20x9ft plus 55x20x9ft which is divided to living quarters and lock up all purpose tool shed. There are 2 open bays, 4 tool sheds, bird aviaries and pens. Only 82km to Melbourne and just 3km North of Bunyip Township. Rare lifestyle and investment opportunity"
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2021 Population
Suburbs
Retail Trade - 13.0%
Construction - 13.0%
Education and Training - 11.0%
Health Care and Social Assistance - 10.0%
Others - 53.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply
-
79.5%
-
-
$45,000
-$25,512
3.2%
2.5%
-12.9%
6.0%
Asking Price
-
Estimated Purchase Price
$1,055,000
Stamp Duty
$58,025
Transfer Fee
$2,574
Conveyancing
$1,196
Deposit (10%)
$105,500
Reg. Mortgage
$129
LMI Premium
$30,082
Renovation Costs
-
Total Cash/Equity Required
$198,056
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
Rates
+3.0% PA
$1,711
$2,232
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
$26,221
$37,911
Interest Repayments
$62,667
$62,667
Net Cashflow Before Tax
-$36,446
-$24,756
Depreciation
-
-
Tax Offset
-$10,934
-$7,427
Net Cashflow After Tax
-$25,512
-$17,329
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,174,800
$2,123,759
Loan Balance
I.O
$949,500
$949,500
$225,300
$1,174,259
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