$545K
$84,662
"Land Size 8077 sqm Zoned RLZ Approx. 2 Acres Split Level living area with large living room on bottom level with wall airconditioner Open plan kitchen and dining on top level with electric cooking and hot water with a large wood heater 2 generous sized bedrooms Dual entrance to bathroom consisting of shower over hip bath, vanity and toilet Separate Laundry Enjoy your morning coffee or family BBQs on the semi wrap around verandah Plenty of options to extend the current dwelling or perfect as is for a holiday house etc. Semi cleared, rural fenced, town water and septic Single garage and carport built off the house Short walk to the Lake Glenmaggie shoreline and boat ramp Approx 2.5 hrs from Melbourne and 10 min drive into Heyfield for shopping, schools, cafes, etc"
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Construction - 10.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price
-
93.1%
$390K
5.9%
-$185,000
-$12,711
3.6%
2.3%
-14.1%
6.0%
Asking Price
$545,000
Estimated Purchase Price
$505,000
Stamp Duty
$25,370
Transfer Fee
$1,287
Conveyancing
$1,196
Deposit (10%)
$50,500
Reg. Mortgage
$129
LMI Premium
$11,164
Renovation Costs
-
Total Cash/Equity Required
$90,195
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
$1,695
$2,212
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
$11,839
$17,438
Interest Repayments
$29,997
$29,997
Net Cashflow Before Tax
-$18,158
-$12,559
Depreciation
-
-
Tax Offset
-$5,448
-$3,768
Net Cashflow After Tax
-$12,711
-$8,791
Assumptions
Year 1
Year 10
Property Value
6.8%
$341,760
$617,821
Loan Balance
I.O
$454,500
$454,500
-$112,740
$163,321
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