$1.8M
$298,898
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High
High
$2,000,000
Medium
$1,800,000
Low
$1,600,000
Confidence
Medium
$800/week
Street Statistics
Public Housing (%)
0%
Owner Occupiers (%)
92.2%
Median Street Sold Price
$960K
Median Street Rental Yield
3.8%
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Property
Very Good
Street
Very Good
Suburb
Very Good
Overall
Very Good
Under Market Value
$170,000
Net Cashflow PA
-$44,497
Gross Yield
2.5%
Purchase Costs
Asking Price
$1,800,000
Estimated Purchase Price
$1,630,000
Stamp Duty
$89,650
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$163,000
Reg. Mortgage
$129
LMI Premium
$51,003
Renovation Costs
-
Total Cash/Equity Required
$309,144
Income Statement (Cashflow)
Income
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Expenses
Property Management
+7.7% PA
$3,203
$4,559
Rates
+3.0% PA
$1,877
$2,449
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
$33,255
$47,941
Interest Repayments
$96,822
$96,822
Net Cashflow Before Tax
-$63,567
-$48,881
Depreciation
-
-
Tax Offset
-$19,070
-$14,664
Net Cashflow After Tax
-$44,497
-$34,216
Balance Sheet
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Try Picki for FREEAssets
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,922,400
$3,475,242
Liabilities
Loan Balance
I.O
$1,467,000
$1,467,000
Net Equity
$455,400
$2,008,242
Property Inspection Report
Property Overview
Buninyong offers an incredible lifestyle on the outskirts but with town services, a rarity for a 5-acre property. This home features a north-facing design, 4 bedrooms plus an office, and formal and informal living spaces. High-quality kitchen cabinets, electric cooking, and ample space make cooking a delight. Modern conveniences like a double garage, heating and cooling systems, and an impressive alfresco area add comfort. Unique to this property are a private creek, lockable shed, solar electricity, and potential for future subdivision.
Inspection Checklist
- Verify town service connections including sewer and natural gas.
- Check the functionality of the bore for garden irrigation.
- Examine the potential for future subdivision and any required permits.
- Assess the condition of double glazing, heating systems (zoned gas central heating, split system, gas log fire), and cooling systems.
- Inspect the overall condition and features of the alfresco area.
- Inspect the roof and plumbing for any needed repairs.
- Verify the condition of the lock shed including power supply and concrete flooring.
- Evaluate the efficiency of the solar electricity system.
- Walk through the property to admire the old growth gums and private creek.
- Clarify land boundaries and fencing conditions around the paddock and garden.
Questions for Agent
- Can you provide more details on the town services available, including the age and condition of these systems?
- How is the bore water quality and how often is it used for irrigation?
- What current zoning allows for subdivision, and what process is involved to proceed with it?
- What recent maintenance or upgrades have been completed on the heating and cooling systems?
- Can you elaborate on the age and maintenance history of the double glazing and alfresco area?
- What type of solar panel system is installed and is there any remaining warranty?
- Are there any current issues with the creek or dam that need attention?
- How often does the electricity bill get offset by the solar system?
- Are there any easements or local council conditions affecting the use of the land?
- What are the neighbors like and what is the overall community feel in the area?
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Location Opportunity
City of Ballarat statistics
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.
113,763
2021 Population
56
Suburbs
Demand
Employment
Em
New project
Pr
lifestyle
Li
population
Po
Supply
New Supply
Su
Opportunity
Opportunity
Op
Em
Employment Industries
Average
Health Care and Social Assistance - 19.0%
Retail Trade - 12.0%
Education and Training - 11.0%
Manufacturing - 9.0%
Others - 49.0%
income growth
Average
Average Income
COMMUTE TIME
26mins
13kms
Good
Pr
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Li
Po
Population Growth
Average Population
SUPPLY vs POPULATION
Projected Population Growth
6.5%
projected
for 2025 to 2027
Very High
Su
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2.4%
High
SALES PRICE GROWTH
Monthly % Change in Median House Prices (Prev. Quarter)
RENTAL YIELD
Excellent
Average Rental Yield
VACANCY RATE
Excellent
Average Vacancy Rate
Days of Supply
Excellent
Average Days of Supply
Owner Occupier Level
No data available
VENDOR DISCOUNTING
Very Good
Average Population
Pricing
Sold Price
Asking Price
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