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$875K
$143,053
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Medium
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Low
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Confidence
This versatile grazing-lifestyle block, strategically located in the Joyces Creek-Moolort farming district, offers a unique opportunity to expand an existing farming venture or embark on a rural lifestyle dream. Spread across undulating terrain and well-fenced into two main paddocks, the land features attractive tree-lined watercourses and fertile phalaris-clover arable areas on sedimentary soil. With amenities such as catchment dams and functional sheep yards, this property promises both appealing options for a domicile (Subject to Council Approval) and essential infrastructure for farming. Additionally, its proximity to key regional centers enhances convenience.
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Try Picki for FREE$110,000
-$20,130
3.1%
Asking Price
$875,000
Estimated Purchase Price
$765,000
Stamp Duty
$40,970
Transfer Fee
$1,896
Conveyancing
$1,196
Deposit (10%)
$76,500
Reg. Mortgage
$129
LMI Premium
$21,813
Renovation Costs
-
Total Cash/Equity Required
$143,053
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,650
$2,153
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
$16,683
$24,328
Interest Repayments
$45,441
$45,441
Net Cashflow Before Tax
-$28,758
-$21,113
Depreciation
-
-
Tax Offset
-$8,627
-$6,334
Net Cashflow After Tax
-$20,130
-$14,779
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Year 1
Year 10
Property Value
6.8%
$934,500
$1,689,354
Loan Balance
I.O
$688,500
$688,500
$246,000
$1,000,854
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2021 Population
Suburbs
Manufacturing - 22.0%
Health Care and Social Assistance - 13.0%
Retail Trade - 10.0%
Public Administration and Safety - 9.0%
Others - 46.0%
Average Income
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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Monthly % Change in Median House Prices (Prev. Quarter)
No data available
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Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
