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Withheld
$95,728
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Try Picki for FREEConfidence
High
High
$600,000
Medium
$570,000
Low
$540,000
Confidence
Medium
This property, offered by Raine and Horne Land Victoria, covers 10 acres in an Urban Growth Zone within Mount Cottrell's Oakbank PSP. Situated 26 km west of Melbourne CBD in the booming City of Wyndham, the area sets an exciting stage for future growth with plans for over 28,000 new residents and more than 10,000 homes. The property features a 4-bedroom house, multiple living areas, and proximity to key residential and commercial districts, including Riverdale Village and multiple shopping centers. It's a lucrative opportunity for developers and investors as one of the few remaining parcels in this prime spot. A short drive connects you to the Melbourne Airport, making it a convenient locale for local or international investors.
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2021 Population
Suburbs
Transport, Postal and Warehousing - 13.0%
Retail Trade - 13.0%
Manufacturing - 10.0%
Education and Training - 10.0%
Others - 54.0%
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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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
Below are some similar properties in the area you may be interested in.
0%
59.4%
-
-
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Try Picki for FREE$35,000
-$8,313
5.0%
Asking Price
-
Estimated Purchase Price
$535,000
Stamp Duty
$27,170
Transfer Fee
$1,358
Conveyancing
$1,196
Deposit (10%)
$53,500
Reg. Mortgage
$129
LMI Premium
$11,827
Renovation Costs
-
Total Cash/Equity Required
$95,729
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
Rates
+3.0% PA
$1,789
$2,334
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
$19,904
$28,929
Interest Repayments
$31,779
$31,779
Net Cashflow Before Tax
-$11,875
-$2,850
Depreciation
-
-
Tax Offset
-$3,563
-$855
Net Cashflow After Tax
-$8,313
-$1,995
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$608,760
$1,100,493
Loan Balance
I.O
$481,500
$481,500
$127,260
$618,993
