$459K
$81,895
"Beautiful estuary and sea views towards coastal Marlo from the back of this 33 acre bush block. The majority of the block has been cleared but the bracken needs slashing now. The property has a large dam but otherwise it is a clean slate to start from. Building a dwelling requires a planning permit and an offer of a plan to maybe put in fruit trees, vegetables, chickens, proteas, horses or crafts. Just 5km 6 minutes drive to the Snowy River boat ramp Lochend and approximately 13 minutes drive to Corringle beach, the area is a paradise for fishing, swimming, canoeing and kayaking. Though the property offers privacy properties nearby allow for power connection. Tank water and septic apply and bottle gas if desired. Orbost has a P12 college and 3 other primary schools in the district. Orbost Regional Health is one of 7 multipurpose services in Victoria and serves the community very well. Enjoy our local Brewery, Pubs, Clubs, Cafes, Exhibition Centre Art, wood, music etc, Garden Show, Open Gardens and our 3 day Orbost Agricultural Show."
Below are some similar properties in the area you may be interested in.
-
78.4%
$519K
3.8%
-$100,000
-$12,452
3.4%
2.1%
-15.2%
6.0%
Asking Price
$459,000
Estimated Purchase Price
$460,000
Stamp Duty
$22,670
Transfer Fee
$1,182
Conveyancing
$1,196
Deposit (10%)
$46,000
Reg. Mortgage
$129
LMI Premium
$10,169
Renovation Costs
-
Total Cash/Equity Required
$81,895
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$15,600
$22,204
Property Management
+7.7% PA
$1,201
$1,710
Rates
+3.0% PA
$1,599
$2,086
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
$9,535
$14,148
Interest Repayments
$27,324
$27,324
Net Cashflow Before Tax
-$17,789
-$13,176
Depreciation
-
-
Tax Offset
-$5,337
-$3,953
Net Cashflow After Tax
-$12,452
-$9,224
Assumptions
Year 1
Year 10
Property Value
6.8%
$384,480
$695,048
Loan Balance
I.O
$414,000
$414,000
-$29,520
$281,048
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%
Accommodation and Food Services - 9.0%
Agriculture, Forestry and Fishing - 9.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply