$745K
$139,236
"GLOW WORM FALLS RETREAT 81 ACRES NATURES HAVEN 32.80 HA A MAJESTIC OTWAYS RETREAT Nestled amidst natures grandeur, this property is a captivating sanctuary that will transport you to a world of enchantment and adventure. Surrounded by the pristine Otways rainforest, its your gateway to a majestic private waterfall, a true masterpiece of natures design. The property boasts its own national park, a playground for explorers, with meandering walking tracks leading you through the heart of the rainforests lush greenery. Regardless of the weather, allweather access ensures your connection with nature remains uninterrupted. As you explore, be prepared to be mesmerized by the cascading waters, creating a symphony of tranquil sounds that soothe the soul. And when night falls, the enchantment continues with your very own Nature night light the mesmerizing glowworms that light up the darkness. For those who appreciate the finer comforts, power is readily available to enhance your experience. And when the desire for a cup of coffee beckons, a mere sixminute drive takes you to Yatzies in Lavers Hill, where you can savoir a morning brew while enjoying a view of the Southern Ocean. This property is more than just a piece of land its an invitation to own a piece of paradise, a realm where natures splendor is your daily companion. With its aweinspiring beauty and adventures waiting to be had, this is your chance to write your own story in a place where magic is a daily occurrence. Inspection is highly recommended and by appointment with agents"
Below are some similar properties in the area you may be interested in.
-
81.2%
$450K
3.5%
-$295,000
+
10.5%
9.0%
11.4%
6.0%
Asking Price
$745,000
Estimated Purchase Price
$745,000
Stamp Duty
$39,770
Transfer Fee
$1,849
Conveyancing
$1,196
Deposit (10%)
$74,500
Reg. Mortgage
$129
LMI Premium
$21,243
Renovation Costs
-
Total Cash/Equity Required
$139,236
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$78,000
$111,018
Property Management
+7.7% PA
$6,006
$8,548
Rates
+3.0% PA
$1,811
$2,363
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
$66,918
$95,847
Interest Repayments
$44,253
$44,253
Net Cashflow Before Tax
$22,665
$51,594
Depreciation
-
-
Tax Offset
$6,800
$15,478
Net Cashflow After Tax
$15,866
$36,116
Assumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$670,500
$670,500
-$189,900
$198,310
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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.
2021 Population
Suburbs
Manufacturing - 14.0%
Health Care and Social Assistance - 13.0%
Agriculture, Forestry and Fishing - 12.0%
Retail Trade - 9.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price