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$695K
$116,334
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Try Picki for FREEConfidence
High
High
$770,000
Medium
$695,000
Low
$620,000
Confidence
Medium
This 82-acre hobby farm offers a chance to enjoy rural living at an affordable price. The gently rolling land features reliable water sources with six dams, making it ideal for farming and irrigation. The property includes a three-bedroom farmhouse, equipped with a solar power system and a backup generator. There are various outbuildings, including substantial shedding and a workshop, providing plenty of storage and utility space. Situated in a peaceful location away from the city, this property invites transformation with some renovation to the farmhouse.
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81.8%
-
-
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Try Picki for FREE$50,000
-$15,485
3.6%
Asking Price
$695,000
Estimated Purchase Price
$645,000
Stamp Duty
$33,770
Transfer Fee
$1,615
Conveyancing
$1,196
Deposit (10%)
$64,500
Reg. Mortgage
$129
LMI Premium
$18,391
Renovation Costs
-
Total Cash/Equity Required
$120,151
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
$38,313
$38,313
Net Cashflow Before Tax
-$22,122
-$14,627
Depreciation
-
-
Tax Offset
-$6,637
-$4,388
Net Cashflow After Tax
-$15,485
-$10,239
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$742,260
$1,341,829
Loan Balance
I.O
$580,500
$580,500
$161,760
$761,329
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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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Trusted by over 13,000 property buyers and counting...
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
