$1.2M
$202,702
"Very privately located at the end of a quiet country lane, this property is conveniently close to Melbourne, yet miles away from the madding crowds. Features include beautiful long panoramic views over the Deep Creek Valley and surrounding undulating country, good soils, 4 main paddocks, established cypress shelter plantations, plus recently planted native tree plantations, good fencing, excellent water supply by agreement, dam, good shed with solar power and tank water connected and temporary shack accommodation. Being over 40 Ha in area, it is as of right to build a dwelling on the property."
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2021 Population
Suburbs
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price
-
88.3%
$1.25M
2.7%
-$80,000
-$48,482
-
-
-23.9%
6.0%
Asking Price
$1,200,000
Estimated Purchase Price
$1,080,000
Stamp Duty
$59,400
Transfer Fee
$2,633
Conveyancing
$1,196
Deposit (10%)
$108,000
Reg. Mortgage
$129
LMI Premium
$30,795
Renovation Costs
-
Total Cash/Equity Required
$202,702
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,843
$2,405
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
-$5,108
-$6,665
Interest Repayments
$64,152
$64,152
Net Cashflow Before Tax
-$69,260
-$70,817
Depreciation
-
-
Tax Offset
-$20,778
-$21,245
Net Cashflow After Tax
-$48,482
-$49,572
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,068,000
$1,930,690
Loan Balance
I.O
$972,000
$972,000
$96,000
$958,690
Did you know you need to engage a conveyancer when buying a property?
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