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$300K
$44,598
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Try Picki for FREEConfidence
Medium
High
$330,000
Medium
$300,000
Low
$270,000
Confidence
Low
This property, located in Green Gully, features approximately 8 to 12 acres of serene natural bushland. The land is designated for recreational use or as a tranquil retreat (subject to council approval, STCA). It has a charming dam with a jetty, perfect for relaxation or activities. Three shipping containers provide storage, and there's partial fencing with bore water for secure areas. While power and phone lines are available at the boundary, no services are currently connected. The location promises privacy while being close to Newstead and a 10-minute drive to Castlemaine, offering easy access to essential amenities.
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87.9%
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-
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Try Picki for FREE$35,000
-$2,700
6.9%
Asking Price
$300,000
Estimated Purchase Price
$265,000
Stamp Duty
$10,970
Transfer Fee
$726
Conveyancing
$1,196
Deposit (10%)
$26,500
Reg. Mortgage
$129
LMI Premium
$4,528
Renovation Costs
-
Total Cash/Equity Required
$44,598
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
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
$11,884
$17,497
Interest Repayments
$15,741
$15,741
Net Cashflow Before Tax
-$3,857
$1,756
Depreciation
-
-
Tax Offset
-$1,157
$527
Net Cashflow After Tax
-$2,700
$1,229
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$320,400
$579,207
Loan Balance
I.O
$238,500
$238,500
$81,900
$340,707
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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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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
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
