Withheld
$125,876
"A rare opportunity to secure 40 acres of land with house in Clarkfield. This is ideal property for those who are looking for a lifestyle property and long term investment. The land is suitable for various purposes from grazing and farming and many more. The adjacent suburbs are Riddles creek, Sunbury and Bolinda. Some of key features are 40 acres of farm Land Situated near the corner of Sutherlands and MelbourneLancefield road. 5 Mins to Clark field Train Station. 2 mins drive to Riddles creek town centre. 25 Mins to Melbourne Airport. 35 Mins to Melbourne CBD. 2 Bedroom House. small shed on the property. Bore water on the Property. Due Diligence Checklist httpwww.consumer.vic.gov.auduediligencechecklist"
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2021 Population
Suburbs
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price
-
73.8%
$750K
4.3%
$45,000
-$19,451
3.0%
2.0%
-14.8%
6.0%
Asking Price
-
Estimated Purchase Price
$705,000
Stamp Duty
$37,370
Transfer Fee
$1,755
Conveyancing
$1,196
Deposit (10%)
$70,500
Reg. Mortgage
$129
LMI Premium
$20,102
Renovation Costs
-
Total Cash/Equity Required
$131,602
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+7.7% PA
$1,602
$2,280
Rates
+3.0% PA
$1,843
$2,405
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
$14,090
$20,661
Interest Repayments
$41,877
$41,877
Net Cashflow Before Tax
-$27,787
-$21,216
Depreciation
-
-
Tax Offset
-$8,336
-$6,365
Net Cashflow After Tax
-$19,451
-$14,852
Assumptions
Year 1
Year 10
Property Value
6.8%
$801,000
$1,448,017
Loan Balance
I.O
$634,500
$634,500
$166,500
$813,517
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