$1.35M
$266,063
"6.91 hectares 17 acres approx. Stunningly renovated homestead with wraparound verandah featuring 4 bedrooms plus study Master bedroom features ensuite and walk in robe Delightful family bathroom with large bath and walk in shower Formal lounge with open fire Magnificent kitchen with stunning walk in pantry Open plan familydining area with wood heater, ducted heat transfer system and reverse cycle air conditioner Quality timber floors and carpets throughout the home Extensive shedding including garage, machinery shed, hay shed and disused dairy with stockyards Subdivided into several paddocks with good fencing Tank water plus 17mgl diversion licence from the creek Conveniently located between Maffra and Newry A truly outstanding property with quality fixtures and fittings and views overlooking the Macalister River flats and nearby mountains"
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
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Construction - 10.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price
Below are some similar properties in the area you may be interested in.
-
63.5%
-
-
-$50,000
-$39,846
2.4%
1.9%
-15.0%
6.0%
Asking Price
$1,350,000
Estimated Purchase Price
$1,400,000
Stamp Duty
$77,000
Transfer Fee
$3,382
Conveyancing
$1,196
Deposit (10%)
$140,000
Reg. Mortgage
$129
LMI Premium
$43,807
Renovation Costs
-
Total Cash/Equity Required
$266,063
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
Rates
+3.0% PA
$1,695
$2,212
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
$26,237
$37,932
Interest Repayments
$83,160
$83,160
Net Cashflow Before Tax
-$56,923
-$45,228
Depreciation
-
-
Tax Offset
-$17,077
-$13,568
Net Cashflow After Tax
-$39,846
-$31,660
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,441,800
$2,606,431
Loan Balance
I.O
$1,260,000
$1,260,000
$181,800
$1,346,431
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