Withheld
$123,014
"Tucked away at the end of a quiet nothrough road and just 15 minutes from Meeniyan, the slightly undulating land is perfect for cattle grazing and offers a great blend of productivity and serenity. 155 Acres approx Subdivided into 10 paddocks Stockyards Machinery shed with concrete floor Watered by dams in each paddock Excellent fencing with solar electric fences Excellent fertiliser history Recently renovated pastures with black peat soils Established shelter belts Zoned Farming Build STCA Want more space An additional 128 acres approx. is available for purchase by including Lots 2 3, expanding your total grazing land to an impressive 283 acres. This presents a fantastic opportunity to enhance your farming capacity and maximize the potential of this rural property. Add Lots 2 3 to this prime land for an additional 13,500 per acre This property presents a unique chance to embrace a tranquil rural lifestyle with productive grazing land and beautiful natural surroundings. Dont let this opportunity pass you bycontact Terry today to schedule an inspection and discover the potential of your future farm Boundaries are indicative only Acreage is approximate only"
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81.9%
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-$4,319
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-108.5%
6.0%
Asking Price
$13,500
Estimated Purchase Price
$15,000
Stamp Duty
$210
Transfer Fee
$141
Conveyancing
$1,196
Deposit (10%)
$1,500
Reg. Mortgage
$129
LMI Premium
$256
Renovation Costs
-
Total Cash/Equity Required
$3,982
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$2,014
$2,628
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
-$5,279
-$6,888
Interest Repayments
$891
$891
Net Cashflow Before Tax
-$6,170
-$7,779
Depreciation
-
-
Tax Offset
-$1,851
-$2,334
Net Cashflow After Tax
-$4,319
-$5,445
Assumptions
Year 1
Year 10
Property Value
6.8%
$16,020
$28,960
Loan Balance
I.O
$13,500
$13,500
$2,520
$15,460
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price