Withheld
$149,733
"Biggin Scott Melton presents this incredible opportunity off the main road, this land in Balliang has a huge potential in the future. Well suited to a diversity of purchasers including farmers, land bankers, investors local overseas would be wise to inspect this property sooner rather than later. It has massive potential for future capital growth. A property with endless opportunities not to be missed. Total Area 214 Acres Farming Zone with Beautiful 4 Bedroom House with Multiple Sheds Bacchus Marsh Town 15 minute drive Little River 20minute drive Lara 25 minute drive Avalon Airport 30 minute drive Call Romy Gakhar on 0430 521 119, Nikhil Kumar on 0468 442 786. for further details. DISCLAIMER All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. Please see the below link for an uptodate copy of the Due Diligence Check List httpwww.consumer.vic.gov.auduediligencechecklist"
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92.5%
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$55,000
-$305
7.0%
5.9%
-0.2%
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Asking Price
-
Estimated Purchase Price
$895,000
Stamp Duty
$48,770
Transfer Fee
$2,200
Conveyancing
$1,196
Deposit (10%)
$89,500
Reg. Mortgage
$129
LMI Premium
$25,520
Renovation Costs
-
Total Cash/Equity Required
$167,864
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
$1,603
$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
$52,727
$75,624
Interest Repayments
$53,163
$53,163
Net Cashflow Before Tax
-$436
$22,461
Depreciation
-
-
Tax Offset
-$131
$6,738
Net Cashflow After Tax
-$305
$15,723
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,014,600
$1,834,155
Loan Balance
I.O
$805,500
$805,500
$209,100
$1,028,655
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