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$189,693
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Medium
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Confidence
Mandorla offers a 290-acre opportunity in the Strathbogie Ranges. Situated on a 600m elevated plateau, it's ideal for grazing or a lifestyle retreat. The property spans two titles and features Warrenbayne Creek, five dams, and granitic soil perfect for agriculture. Divided by Gardiners Road, with multiple access points, it offers fertile land and natural resources. A peaceful 30-acre bush area provides diverse environments including wetlands and forested areas. Located 200 km from Melbourne, the property has convenient access via major highways.
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83.6%
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Try Picki for FREE$40,000
-$45,781
-
Asking Price
-
Estimated Purchase Price
$1,010,000
Stamp Duty
$55,550
Transfer Fee
$2,469
Conveyancing
$1,196
Deposit (10%)
$101,000
Reg. Mortgage
$129
LMI Premium
$28,799
Renovation Costs
-
Total Cash/Equity Required
$189,693
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$2,142
$2,795
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
-$5,407
-$7,055
Interest Repayments
$59,994
$59,994
Net Cashflow Before Tax
-$65,401
-$67,049
Depreciation
-
-
Tax Offset
-$19,620
-$20,115
Net Cashflow After Tax
-$45,781
-$46,934
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Year 1
Year 10
Property Value
6.8%
$1,121,400
$2,027,224
Loan Balance
I.O
$909,000
$909,000
$212,400
$1,118,224
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 25.0%
Manufacturing - 9.0%
Health Care and Social Assistance - 9.0%
Accommodation and Food Services - 8.0%
Others - 49.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
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Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
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Average Days of Supply
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Average Population
Sold Price
Asking Price
