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$390K
$78,206
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Try Picki for FREEConfidence
High
High
$480,000
Medium
$420,000
Low
$360,000
Confidence
Medium
Nestled in the heart of the goldfields, this prime block near Creswick and just a short drive to Ballarat offers a unique opportunity. Perfect for those seeking a weekend retreat, a potential future build site (Subject to Council Approval), or a hobby farm. This off-grid property is ideal for eco-conscious buyers, as it currently lacks connected services, inviting innovative solutions for sustainable living.
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87.8%
$655K
313.6%
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Try Picki for FREE-$65,000
-$11,789
3.8%
Asking Price
$450,000
Estimated Purchase Price
$485,000
Stamp Duty
$24,170
Transfer Fee
$1,241
Conveyancing
$1,196
Deposit (10%)
$48,500
Reg. Mortgage
$129
LMI Premium
$10,722
Renovation Costs
-
Total Cash/Equity Required
$86,507
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
$1,566
$2,043
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
$11,968
$17,606
Interest Repayments
$28,809
$28,809
Net Cashflow Before Tax
-$16,841
-$11,203
Depreciation
-
-
Tax Offset
-$5,052
-$3,361
Net Cashflow After Tax
-$11,789
-$7,842
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Year 1
Year 10
Property Value
6.8%
$448,560
$810,890
Loan Balance
I.O
$436,500
$436,500
$12,060
$374,390
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2021 Population
Suburbs
Accommodation and Food Services - 16.0%
Health Care and Social Assistance - 15.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 48.0%
Average Income
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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
