Withheld
$125,876
"Raywhite Group proudly presents 150 Acres approx. in GWZ1 in Oakland Junction VIC 3063. The property is situated near to the Northern Growth Corridor where new developments are at rise. Racing Victoria is one of the big investors in the Oakland junction suburb. Racing Victoria has acquired 980 Acres farm for their future development. That gives Oakland Junction a key for the future growth Expansion STCA If youre looking for a sizable piece of land to add to your investment portfolio, this 150acre parcel could be an excellent opportunity for you. Located in a desirable area, this land is ideal for land banking. Heres a brief writeup that provides more information about this land for sale. The land is situated on a prime location and is easily accessible. It is located near a developing area with potential for future growth and development, making it an ideal location for land banking. The land has a relatively mixed topography, making it suitable for various types of development, such as commercial, residential, or recreational projects in the future expansion of the Northern growth corridor STCA. The property is currently zoned in Green Wedge Zone, It is located in an area that is experiencing growth and development, making it a prime candidate for rezoning in the event of expansion of the Northern Growth Corridor STCA. The property consists of 2 dwellings and multiple sheds for storage. Approximate distances from 370 Konagaderra rd 20 mins to Melbourne Airport 10 mins to Mickleham VIC 3064 12 mins to Craigieburn VIC 3064 20 mins to Sunbury VIC 3429 12 mins to Lancefield Road PSP Call RJ Singh today on 0477 051 648 for further enquiries. Interested parties should conduct their due diligence prior to making any submissions. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. Due Diligence Checklist httpwww.consumer.vic.gov.auduediligencechecklist"
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86.9%
-
-
$45,000
-$17,867
3.3%
2.3%
-13.6%
6.0%
Asking Price
-
Estimated Purchase Price
$705,000
Stamp Duty
$37,370
Transfer Fee
$1,755
Conveyancing
$1,196
Deposit (10%)
$70,500
Reg. Mortgage
$129
LMI Premium
$20,102
Renovation Costs
-
Total Cash/Equity Required
$131,602
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,981
$2,585
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
$16,352
$23,896
Interest Repayments
$41,877
$41,877
Net Cashflow Before Tax
-$25,525
-$17,981
Depreciation
-
-
Tax Offset
-$7,657
-$5,394
Net Cashflow After Tax
-$17,867
-$12,587
Assumptions
Year 1
Year 10
Property Value
6.8%
$801,000
$1,448,017
Loan Balance
I.O
$634,500
$634,500
$166,500
$813,517
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Transport, Postal and Warehousing - 20.0%
Manufacturing - 16.0%
Retail Trade - 9.0%
Construction - 8.0%
Others - 47.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price