$1.35M
$256,631
"164 Joiners Road is situated in the community of Newmerella, you will find this mixed farming property offering a tranquil escape with all the modern conveniences. Spread across an impressive 109 acres or 43.29 hectares, this property is perfect for those seeking a blend of serene rural living and sophisticated comfort. The home features three spacious bedrooms, providing ample space for family and guests, while the single bathroom is efficiently designed with a separate bath and shower. The open living kitchen, dining, and lounge area is perfect for entertaining, featuring exceptional rural views and practical cooking amenities. Step out from the lounge to an enclosed back deckentertainment area that includes its own wood heater, making it ideal for cozy gatherings year round. The propertys expansive layout includes ample shedding options such as 9m x 3m x 6m approx steel hay shed, 7m x 7m carport with electric roller doors, Also fourbay steel shed with one lockable bay for your workshop The farm itself Flat through to hill country, gently undulating grazing land currently utilised for the purpose of cattle A gully runs through part of the land parcel The property is also home to plenty of tress for stock to take cover or could provide some firewood to keep the home fires burning Seven dams, A solid set of stockyards Fencing is all in good repair This property has the potential for offgrid living thanks to solar capabilities, this property offers everything you need for a sustainable rural lifestyle. Nestled amongst lovely rural surrounds only eight minutes from the Orbost CBD and 25 minutes to Lakes Entrance, this property provides maximum convenience without too much sacrifice. Dont miss out on this unique opportunity. Contact us today at Shoreside Real Estate 03 5155 3133"
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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 - 16.0%
Retail Trade - 12.0%
Accommodation and Food Services - 9.0%
Agriculture, Forestry and Fishing - 9.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply
-
66.2%
$519K
3.8%
-$350,000
-$44,419
1.7%
1.2%
-17.3%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,350,000
Estimated Purchase Price
$1,350,000
Stamp Duty
$74,250
Transfer Fee
$3,265
Conveyancing
$1,196
Deposit (10%)
$135,000
Reg. Mortgage
$129
LMI Premium
$42,242
Renovation Costs
-
Total Cash/Equity Required
$256,631
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
$1,599
$2,086
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
$16,734
$24,395
Interest Repayments
$80,190
$80,190
Net Cashflow Before Tax
-$63,456
-$55,795
Depreciation
-
-
Tax Offset
-$19,037
-$16,739
Net Cashflow After Tax
-$44,419
-$39,057
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,068,000
$1,930,690
Loan Balance
I.O
$1,215,000
$1,215,000
-$147,000
$715,690