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Withheld
$1,746
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Try Picki for FREEConfidence
High
High
$280,000
Medium
$250,000
Low
$220,000
Confidence
Medium
This significant agricultural property in Victoria's Corop region spans 163.09 hectares and boasts renowned black and volcanic soils, ideal for cropping. The property includes approximately 40 hectares of irrigated land supported by Goulburn Murray Water infrastructure, with the remaining area suitable for dry land cropping. Additionally, there are two older homes and necessary outbuildings such as machinery and hay shearing sheds.
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82.2%
$460K
4.4%
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+
26.6%
Asking Price
-
Estimated Purchase Price
$235,000
Stamp Duty
$9,170
Transfer Fee
$656
Conveyancing
$1,196
Deposit (10%)
$23,500
Reg. Mortgage
$129
LMI Premium
$4,015
Renovation Costs
-
Total Cash/Equity Required
$39,215
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+7.7% PA
$4,805
$6,839
Rates
+3.0% PA
$1,784
$2,328
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
$52,546
$75,388
Interest Repayments
$13,959
$13,959
Net Cashflow Before Tax
$38,587
$61,429
Depreciation
-
-
Tax Offset
$11,576
$18,429
Net Cashflow After Tax
$27,011
$43,000
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Year 1
Year 10
Property Value
6.8%
$267,000
$482,672
Loan Balance
I.O
$211,500
$211,500
$55,500
$271,172
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2021 Population
Suburbs
Health Care and Social Assistance - 15.0%
Manufacturing - 13.0%
Agriculture, Forestry and Fishing - 13.0%
Retail Trade - 12.0%
Others - 47.0%
Average Income
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projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
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
