$2.9M
$611,657
"South Eastern Victoria 243 acres5 titles Offered for sale for the first time in 140 years Highly fertile alluvial floodplains Double river frontage 150 meg. River Licence Rapid Exit 12 aside dairy with 6600 litre vat Harvestore feed tower 100acre capacity 5 bedroom residence on sealed road ...school bus route Reliable 800 mm annual rainfall Located on the fertile flood plains west of Yarram, this property was amongst some of the earliest settled farmlands in Victoria, remaining in the same family dynasty since the 1880s. The Jack River district is renowned for its fertile, free draining alluvial soils and coupled with a substantial river water licence. This property provides enormous potential for a multitude of agricultural pursuits. The dairying infrastructure has been supported by a large capacity Harvestore feed tower and feed shed specifically to maximize milk production. Due to its proximity to the coast, the district enjoys a relatively mild climate conducive to a range of successful livestock related enterprises. Viable tracts of this tightly held farming country rarely come to the market .....inspection recommended For a Due Diligence Checklist go to consumer.vic.gov.auduediligencechecklist Or call us on 03 5144 4444"
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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
-
68.5%
$345K
8.3%
-$2,085,000
-$106,374
1.1%
0.9%
-18.5%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$2,856,000
Estimated Purchase Price
$3,000,000
Stamp Duty
$175,000
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$300,000
Reg. Mortgage
$129
LMI Premium
$93,871
Renovation Costs
-
Total Cash/Equity Required
$574,362
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
$178,200
$178,200
Net Cashflow Before Tax
-$151,963
-$140,268
Depreciation
-
-
Tax Offset
-$45,589
-$42,080
Net Cashflow After Tax
-$106,374
-$98,188
Assumptions
Year 1
Year 10
Property Value
6.8%
$977,220
$1,766,581
Loan Balance
I.O
$2,700,000
$2,700,000
-$1,722,780
-$933,419