$95K
$15,355
"Situated in a tranquil and secluded location, this 2 acre bush block is ideal for the weary urbanite or anyone escaping from lifes frantic pace. The property is enveloped by towering trees, creating a natural canopy that provides cool shade and a sense of seclusion. Set up camp in nature Enjoy the sounds of native birds and watch for curious wildlife Walking and motorbike trails Explore the attractions in the area Zoned farmland Binginwarri is in a rural location surrounded by hilly country and scattered forests, 20 minute drive to Yarram for all of your amenities, 22 minutes to Port Albert or Port Welshpool for a spot of fishing and for the lover of waterfalls, Agnes and Minnehaha Falls just a 20 minute drive. Call Sonya for more information 0427 444 244 For a Due Diligence Checklist go to consumer.vic.gov.auduediligencechecklist Or call us on 03 51826600"
Below are some similar properties in the area you may be interested in.
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88.7%
-
-
-
-$7,422
-
-
-48.3%
6.0%
Asking Price
$95,000
Estimated Purchase Price
$95,000
Stamp Duty
$2,030
Transfer Fee
$328
Conveyancing
$1,196
Deposit (10%)
$9,500
Reg. Mortgage
$129
LMI Premium
$1,623
Renovation Costs
-
Total Cash/Equity Required
$15,356
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
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
-$4,960
-$6,472
Interest Repayments
$5,643
$5,643
Net Cashflow Before Tax
-$10,603
-$12,115
Depreciation
-
-
Tax Offset
-$3,181
-$3,634
Net Cashflow After Tax
-$7,422
-$8,480
Assumptions
Year 1
Year 10
Property Value
6.8%
$101,460
$183,416
Loan Balance
I.O
$85,500
$85,500
$15,960
$97,916
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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
Average Days of Supply