$795K
$129,694
"NEW PRICE 795,000 Only ten minutes out of Colac, this attractive rural property comes complete with a planning permit to build your dream home, with power and town water already connected. This attractive, undulating rural property in the popular Irrewarra area blends outstanding farming country with spectacular house sites, while quality perennial pastures are complemented by the excellent, reliable rainfall of around 700mm annually. Cattle yards Two road frontages Excellent fencing Stock water troughs An excellent, productive, welldrained property, wellsuited to horses, cattle or prime lamb production. Youll love the convenience, being minutes from Colac and within easy access to the highway to Geelong. Truly unique properties as productive as this, with building permission and easy access to Geelong, Colac and the coast at Lorne, are rare, so dont miss out on this opportunity."
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Location, 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
Manufacturing - 14.0%
Health Care and Social Assistance - 13.0%
Agriculture, Forestry and Fishing - 12.0%
Retail Trade - 9.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price
-
89.6%
$745K
3.2%
$65,000
-$29,125
-
-
-25.4%
6.0%
Asking Price
$700,000
Estimated Purchase Price
$615,000
Stamp Duty
$31,970
Transfer Fee
$1,545
Conveyancing
$1,196
Deposit (10%)
$61,500
Reg. Mortgage
$129
LMI Premium
$17,536
Renovation Costs
-
Total Cash/Equity Required
$114,425
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,811
$2,363
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
-$5,076
-$6,623
Interest Repayments
$36,531
$36,531
Net Cashflow Before Tax
-$41,607
-$43,154
Depreciation
-
-
Tax Offset
-$12,482
-$12,946
Net Cashflow After Tax
-$29,125
-$30,208
Assumptions
Year 1
Year 10
Property Value
6.8%
$726,240
$1,312,869
Loan Balance
I.O
$553,500
$553,500
$172,740
$759,369
Did you know you need to engage a conveyancer when buying a property?
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