$395K
$60,684
"We have on offer, approximately 25 picturesque acres of versatile land perfect for hobby farming or building your dream home subject to council approval. Embrace the rural lifestyle while being only minutes from town. With bitumen road frontage, this property has huge potential. Power runs through the property but isnt connected. Currently set up for livestock, each paddock is watered with pipeline water direct to troughs plus a large dam in the front paddock. Excellent internal fences with cattle yards beside the 2bay hay shed. Plus approximately 4.5acres is planted with a variety of Olive and fruit trees, all with its own watering system. Properties like this, so close to town do not come around very often. Call Mat today for an inspection."
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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
Health Care and Social Assistance - 18.0%
Retail Trade - 12.0%
Agriculture, Forestry and Fishing - 8.0%
Accommodation and Food Services - 7.0%
Others - 55.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price
-
93%
-
-
$325,000
+
49.9%
44.6%
153.3%
6.0%
Asking Price
$395,000
Estimated Purchase Price
$365,000
Stamp Duty
$16,970
Transfer Fee
$960
Conveyancing
$1,196
Deposit (10%)
$36,500
Reg. Mortgage
$129
LMI Premium
$8,069
Renovation Costs
-
Total Cash/Equity Required
$64,373
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$182,000
$259,043
Property Management
+7.7% PA
$14,014
$19,946
Rates
+3.0% PA
$2,015
$2,629
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
$162,706
$232,207
Interest Repayments
$21,681
$21,681
Net Cashflow Before Tax
$141,025
$210,526
Depreciation
-
-
Tax Offset
$42,308
$63,158
Net Cashflow After Tax
$98,718
$147,368
Assumptions
Year 1
Year 10
Property Value
6.8%
$736,920
$1,332,176
Loan Balance
I.O
$328,500
$328,500
$408,420
$1,003,676
Did you know you need to engage a conveyancer when buying a property?
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