$310K
$58,839
"10 acres of vacant land positioned on the edge of Glenrowan, just minutes from Wangaratta. Zoned farming, with the option to build sheds STCA or enjoy horse riding or motorbike fun Fully fenced, with a large dam and mature trees. A perfect weekend getaway, located 12km from Wangaratta, 5km from Glenrowan, 21km from Milawa."
Below are some similar properties in the area you may be interested in.
-
69.1%
$950K
3.1%
-$25,000
-$8,015
4.3%
2.5%
-13.6%
6.0%
Asking Price
$310,000
Estimated Purchase Price
$335,000
Stamp Duty
$15,170
Transfer Fee
$890
Conveyancing
$1,196
Deposit (10%)
$33,500
Reg. Mortgage
$129
LMI Premium
$7,406
Renovation Costs
-
Total Cash/Equity Required
$58,840
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$14,560
$20,723
Property Management
+7.7% PA
$1,121
$1,596
Rates
+3.0% PA
$1,725
$2,251
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
$8,449
$12,617
Interest Repayments
$19,899
$19,899
Net Cashflow Before Tax
-$11,450
-$7,282
Depreciation
-
-
Tax Offset
-$3,435
-$2,185
Net Cashflow After Tax
-$8,015
-$5,097
Assumptions
Year 1
Year 10
Property Value
6.8%
$331,080
$598,514
Loan Balance
I.O
$301,500
$301,500
$29,580
$297,014
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 19.0%
Retail Trade - 11.0%
Manufacturing - 10.0%
Education and Training - 8.0%
Others - 52.0%
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