$600K
$109,654
"Nestled in the Macedon Ranges, just 69 kilometers north of Melbourne. This picturesque 16.20 hectares of land, with aged gum trees and a natural landscape, offers a serene environment with lovely undulating land and stunning views. Ideal for farming or recreational activities, this hobby farm is neighbored by towns like Lancefield, Carlsruhe, Tooborac, Kyneton, and Romsey. Classified as 530.2 for mixed farming and grazing with structural improvement, and situated in the Rural Conservation Zone Schedule 1. Your opportunity to own a piece of tranquility awaits at Benloch. Call Dean Clements on 0413 870 656"
Below are some similar properties in the area you may be interested in.
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90.4%
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-$50,000
-$13,661
3.8%
2.6%
-12.5%
6.0%
Asking Price
$600,000
Estimated Purchase Price
$590,000
Stamp Duty
$30,470
Transfer Fee
$1,486
Conveyancing
$1,196
Deposit (10%)
$59,000
Reg. Mortgage
$129
LMI Premium
$16,823
Renovation Costs
-
Total Cash/Equity Required
$109,654
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$22,360
$31,825
Property Management
+7.7% PA
$1,722
$2,451
Rates
+3.0% PA
$1,843
$2,405
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
$15,530
$22,710
Interest Repayments
$35,046
$35,046
Net Cashflow Before Tax
-$19,516
-$12,336
Depreciation
-
-
Tax Offset
-$5,855
-$3,701
Net Cashflow After Tax
-$13,661
-$8,635
Assumptions
Year 1
Year 10
Property Value
6.8%
$576,720
$1,042,573
Loan Balance
I.O
$531,000
$531,000
$45,720
$511,573
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price