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Withheld
$1,746
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$950,000
Medium
$875,000
Low
$800,000
Confidence
Low
This 117-acre property in the hills of Balmattum offers a fantastic getaway opportunity. Nestled between Euroa and Violet Town, it's conveniently located just 10 km south of Violet Town and 185 km from Melbourne. The property can be purchased as a whole or in two separate parcels: 77 acres of picturesque hill land with vast views and a large dam, and an adjoining 40 acres of flat land, also with a dam. The listing highlights the scenic beauty and potential for livestock, urging buyers to see the land for themselves.
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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...
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)
No data available
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
0%
83.6%
-
-
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-$25,049
2.7%
Asking Price
-
Estimated Purchase Price
$875,000
Stamp Duty
$47,570
Transfer Fee
$2,153
Conveyancing
$1,196
Deposit (10%)
$87,500
Reg. Mortgage
$129
LMI Premium
$24,950
Renovation Costs
-
Total Cash/Equity Required
$164,047
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
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
$16,191
$23,686
Interest Repayments
$51,975
$51,975
Net Cashflow Before Tax
-$35,784
-$28,289
Depreciation
-
-
Tax Offset
-$10,735
-$8,487
Net Cashflow After Tax
-$25,049
-$19,802
Unlock the power of Picki
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$934,500
$1,689,354
Loan Balance
I.O
$787,500
$787,500
$147,000
$901,854
