Withheld
$156,413
"Escape to your own expansive slice of paradise with this 252acre property nestled in the serene Balliang area. Perfectly positioned within easy reach of Melbourne CBD yet a world away from the hustle and bustle, this property offers a rare opportunity to create your dream lifestyle. Key Features Tranquil Location Enjoy the peace and quiet of rural living surrounded by picturesque landscapes and abundant wildlife. Vast Land 252 acres of diverse terrain. Water Access Multiple dams and waterholes provide ample water sources for livestock or recreational use. Residential Opportunity Build your dream home STCA with plenty of space for additional infrastructure such as sheds or workshops. Accessibility Approximately 60 minutes from Melbourne CBD, with easy access to nearby towns and amenities. Additional Details Zoning Farming Zone FZ Local Attractions Close to Lerderderg State Park, Werribee Gorge State Park, and Bacchus Marsh. Infrastructure Electricity and telecommunications services available nearby. Investment Potential Whether youre looking to establish a rural retreat, start a farming venture, or capitalize on the growing demand for ecofriendly tourism, this property offers endless possibilities. Dont miss out on this rare chance to own a substantial piece of land in one of Balliangs most soughtafter locations. For more information or to arrange a viewing, contact us today. Disclaimer All measurements and descriptions are approximate and subject to buyer verification."
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92.5%
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$15,000
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3.4%
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Asking Price
-
Estimated Purchase Price
$1,005,000
Stamp Duty
$55,275
Transfer Fee
$2,457
Conveyancing
$1,196
Deposit (10%)
$100,500
Reg. Mortgage
$129
LMI Premium
$28,656
Renovation Costs
-
Total Cash/Equity Required
$188,763
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
Rates
+3.0% PA
$1,603
$2,092
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
$26,329
$38,052
Interest Repayments
$59,697
$59,697
Net Cashflow Before Tax
-$33,368
-$21,645
Depreciation
-
-
Tax Offset
-$10,010
-$6,494
Net Cashflow After Tax
-$23,357
-$15,152
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,089,360
$1,969,304
Loan Balance
I.O
$904,500
$904,500
$184,860
$1,064,804
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 - 17.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Accommodation and Food Services - 8.0%
Others - 50.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price