$230K
$38,318
"This approx. 941 m2 block is zoned low density residential and is located in a quiet no through road on the edge of town with views of Wilsons Prom and the surrounding hills and farmland. Build your dream home on a decent sized block with room for shedding and a good sized back yard. Water and power available. Septic sewerage. An ideal location so close to town. Blocks of this size are a rare find nowadays."
Below are some similar properties in the area you may be interested in.
-
83.2%
-
-
$170,000
-$1,500
7.9%
5.0%
-3.9%
6.0%
Asking Price
$230,000
Estimated Purchase Price
$230,000
Stamp Duty
$8,870
Transfer Fee
$644
Conveyancing
$1,196
Deposit (10%)
$23,000
Reg. Mortgage
$129
LMI Premium
$3,930
Renovation Costs
-
Total Cash/Equity Required
$38,318
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
$2,014
$2,628
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
$11,520
$17,022
Interest Repayments
$13,662
$13,662
Net Cashflow Before Tax
-$2,142
$3,360
Depreciation
-
-
Tax Offset
-$643
$1,008
Net Cashflow After Tax
-$1,500
$2,352
Assumptions
Year 1
Year 10
Property Value
6.8%
$427,200
$772,276
Loan Balance
I.O
$207,000
$207,000
$220,200
$565,276
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply