$800K
$149,733
"Nestled in the picturesque hills of Boolarra South, this sprawling 95acre grazing land offers stunning rural vistas and the serene presence of Walkleys Creek meandering through its expanse. The landscape, green and lush, provides an idyllic setting for cattle to thrive. With its tranquil surroundings and ample space for grazing. Key features 95 Acres 38.73 ha Large machinerystorage shedding Two spring fed dams Cattle Yards approx. 19 troughs 2 x 38,000L Water tanks Central laneway Fenced Power available but not connected Ideal for expanding land holdings and growing the herd, this property offers a prime opportunity for agricultural development. Conveniently situated just a short 5minute drive from the township of Boolarra, with easy access to amenities, and within a 20minute reach of Churchill and 30 minutes to Morwell, it strikes the perfect balance between seclusion and accessibility. Whether as an addition to an existing farm or as a standalone venture, this parcel of land presents a promising investment. Contact Terry for for information or to arrange an inspection. Acreage is approximate only Boundaries are indicative only"
Below are some similar properties in the area you may be interested in.
-
88.9%
-
-
-$530,000
+
7.8%
6.6%
2.5%
6.0%
Asking Price
$800,000
Estimated Purchase Price
$800,000
Stamp Duty
$43,070
Transfer Fee
$1,978
Conveyancing
$1,196
Deposit (10%)
$80,000
Reg. Mortgage
$129
LMI Premium
$22,811
Renovation Costs
-
Total Cash/Equity Required
$149,733
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+7.7% PA
$4,805
$6,839
Rates
+3.0% PA
$1,542
$2,012
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
$52,788
$75,704
Interest Repayments
$47,520
$47,520
Net Cashflow Before Tax
$5,268
$28,184
Depreciation
-
-
Tax Offset
$1,580
$8,455
Net Cashflow After Tax
$3,688
$19,729
Assumptions
Year 1
Year 10
Property Value
6.8%
$288,360
$521,286
Loan Balance
I.O
$720,000
$720,000
-$431,640
-$198,714
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
Health Care and Social Assistance - 16.0%
Retail Trade - 12.0%
Public Administration and Safety - 9.0%
Education and Training - 8.0%
Others - 55.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply