Withheld
$149,733
"Raine Horne Land Victoria Proudly presents 191 acres Land in Farming Zone with Beautiful 3 Bedroom house and multiple sheds in close vicinity of Bacchus Marsh, Geelong and Lara. Balliang is strategically located between Avalon Bacchus Marsh, very close to Melbourne As Melbourne grows to an expected population of seven to eight million people by 2050, it will need at least 60 per cent more food and research shows that if the citys footprint continues to grow, population growth and urban sprawl will reduce the capacity of Melbournes food bowl to meet the citys food needs from 41 per cent to around 18 per cent by 2050. Construction has started on a new 28kilometre pipeline that will connect Parwan and Balliang farmers to a reliable, yearround supply of recycled water from late 2023, as part of the Western Irrigation Network WIN. WIN is a largescale irrigation project that will deliver a new, secure source of Class C recycled water. It will be used to irrigate thousands of hectares of farmland in the ParwanBalliang agricultural district in Melbournes outer west. This current stage of works is expected to finish in late 2023. Once complete, the 28kilometre pipeline and a new pump station will transfer water from the Melton and Bacchus Marsh recycled water plants to customers in the ParwanBalliang district. By delivering a new water supply to a region that experiences unreliable rainfall, WIN will help local farmers build resilience to our changing climate and expand their agribusinesses, supporting local economic growth. Key Insights Total Area 191 Acres Farming Zone with Beautiful 3 Bedroom House with Multiple Sheds Bacchus Marsh Town 15 minute drive Little River 20 Minute Drive Lara 25 Minute Drive Avalon Airport 30 Minute Drive Geelong 30 min Approx. Wyndham Vale 25 Minutes Drive Werribee 35 Minutes Drive Pacific Werribee Shopping Centre 35 Minutes Drive Massive potential for the future with excellent Capital Growth. This is a property with endless opportunities. Well suited to a diversity of purchasers including farmers, land bankers, investors local overseas would be wise to inspect this property sooner rather than later. Call Kevin Paghdar on 61 426 510 510 Or Sagar Bhaliya on 61 426 992 493 today 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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2021 Population
Suburbs
Education and Training - 12.0%
Health Care and Social Assistance - 12.0%
Agriculture, Forestry and Fishing - 10.0%
Retail Trade - 10.0%
Others - 56.0%
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
-
80.4%
-
-
$55,000
+
21.5%
19.3%
49.9%
6.0%
Asking Price
-
Estimated Purchase Price
$845,000
Stamp Duty
$45,770
Transfer Fee
$2,083
Conveyancing
$1,196
Deposit (10%)
$84,500
Reg. Mortgage
$129
LMI Premium
$24,094
Renovation Costs
-
Total Cash/Equity Required
$158,322
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$182,000
$259,043
Property Management
+7.7% PA
$14,014
$19,946
Rates
+3.0% PA
$1,763
$2,300
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
$162,958
$232,536
Interest Repayments
$50,193
$50,193
Net Cashflow Before Tax
$112,765
$182,343
Depreciation
-
-
Tax Offset
$33,830
$54,703
Net Cashflow After Tax
$78,936
$127,640
Assumptions
Year 1
Year 10
Property Value
6.8%
$961,200
$1,737,621
Loan Balance
I.O
$760,500
$760,500
$200,700
$977,121
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