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Withheld
$97,573
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Try Picki for FREEConfidence
High
High
$640,000
Medium
$580,000
Low
$520,000
Confidence
Medium
Raine Horne Land Victoria presents an enticing investment opportunity on 10.11 hectares in Melton City Council, one of Australia's fastest-growing areas. This flat land in the Green Wedge Zone borders the Urban Growth Zone Rockbank South PSP, suggesting high future potential. Conveniently located, it offers easy access to the Melton township, Rockbank Train Station, and amenities in Caroline Springs and Tarneit. It's a 35-minute drive to Melbourne CBD and 40 minutes to Melbourne Airport. Nearby major estates include Thornhill Park, Key West, Harmony, and Sundar Estate. The site is close to the future Westfield Shopping Centre in Mt. Atkinson and the Melbourne Business Park, with proximity to both existing and proposed train stations. Generous settlement terms are available.
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2021 Population
Suburbs
Retail Trade - 14.0%
Education and Training - 14.0%
Construction - 11.0%
Health Care and Social Assistance - 10.0%
Others - 51.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
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Try Picki for FREEMonthly % 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
Below are some similar properties in the area you may be interested in.
0%
79.8%
$4.2M
0.7%
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Try Picki for FREE$35,000
-$13,288
3.6%
Asking Price
-
Estimated Purchase Price
$545,000
Stamp Duty
$27,770
Transfer Fee
$1,381
Conveyancing
$1,196
Deposit (10%)
$54,500
Reg. Mortgage
$129
LMI Premium
$12,048
Renovation Costs
-
Total Cash/Equity Required
$97,573
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
Rates
+3.0% PA
$1,584
$2,067
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
$13,389
$19,632
Interest Repayments
$32,373
$32,373
Net Cashflow Before Tax
-$18,984
-$12,741
Depreciation
-
-
Tax Offset
-$5,695
-$3,822
Net Cashflow After Tax
-$13,288
-$8,919
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$619,440
$1,119,800
Loan Balance
I.O
$490,500
$490,500
$128,940
$629,300
