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Withheld
$1,746
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$980,000
Medium
$850,000
Low
$720,000
Confidence
Medium
Palmyra is an exceptional agricultural property located just two hours from Melbourne. It's designed for a thriving sheep and cattle operation, with top-notch facilities including robust cattle yards, a comprehensive shearing shed, and ample storage in various sheds. The property boasts abundant water resources from the licensed header dam and seasonal creek, supplemented by solar-powered pumps. Additional land offers space for feed production. The residence is a tastefully renovated weatherboard homestead surrounded by mature trees, featuring traditional yet modern amenities. A separate bungalow and a self-contained cottage provide options for additional income. The area benefits from favorable soil conditions and consistent rainfall, supporting high pasture productivity.
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83.3%
$695K
3.4%
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Try Picki for FREE$15,000
-$21,501
3.1%
Asking Price
-
Estimated Purchase Price
$835,000
Stamp Duty
$45,170
Transfer Fee
$2,060
Conveyancing
$1,196
Deposit (10%)
$83,500
Reg. Mortgage
$129
LMI Premium
$23,809
Renovation Costs
-
Total Cash/Equity Required
$156,413
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$26,000
$37,006
Property Management
+7.7% PA
$2,002
$2,849
Rates
+3.0% PA
$1,850
$2,414
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
$18,883
$27,483
Interest Repayments
$49,599
$49,599
Net Cashflow Before Tax
-$30,716
-$22,116
Depreciation
-
-
Tax Offset
-$9,215
-$6,635
Net Cashflow After Tax
-$21,501
-$15,481
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$907,800
$1,641,086
Loan Balance
I.O
$751,500
$751,500
$156,300
$889,586
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2021 Population
Suburbs
Health Care and Social Assistance - 14.0%
Manufacturing - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Retail Trade - 9.0%
Others - 56.0%
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
