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$400K
-
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Try Picki for FREEConfidence
Medium
High
$480,000
Medium
$450,000
Low
$420,000
Confidence
Low
This expansive 4.6-hectare (11.73-acre) parcel boasts prime Goulburn River frontage, featuring a new steel 2-bay workshop with a concrete floor and power to the switchboard. With 4 dongas equipped with a kitchen and 2 air conditioners, it offers a comfortable escape near Echuca, just 10 minutes away. A 4-megaliter water allocation adds value for outdoor adventures or leisure, making it ideal for weekend retreats or holidays. The property provides a flexible purchase arrangement with a 10% deposit and balance payable in 60 days.
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74.7%
$1.3M
1.5%
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-$10,486
4.0%
Asking Price
-
Estimated Purchase Price
$450,000
Stamp Duty
$22,070
Transfer Fee
$1,159
Conveyancing
$1,196
Deposit (10%)
$45,000
Reg. Mortgage
$129
LMI Premium
$9,948
Renovation Costs
-
Total Cash/Equity Required
$80,051
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
Rates
+3.0% PA
$1,784
$2,328
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
$11,750
$17,322
Interest Repayments
$26,730
$26,730
Net Cashflow Before Tax
-$14,980
-$9,408
Depreciation
-
-
Tax Offset
-$4,494
-$2,822
Net Cashflow After Tax
-$10,486
-$6,586
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$405,000
$405,000
$75,600
$463,810
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2021 Population
Suburbs
Health Care and Social Assistance - 15.0%
Manufacturing - 13.0%
Agriculture, Forestry and Fishing - 13.0%
Retail Trade - 12.0%
Others - 47.0%
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)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
