$365K
$70,828
"This rural block is ideally located only 5 minutes from Foster at the end of a no through road. Approx 2.01 ha in size with an extremely peaceful outlook surrounded by rolling hills with both farmland and bushland views. Accessed via an unused road reserve, with several cleared spots ideal for camping or a weekend getaway or to eventually build your dream home STCA. A winter creek towards the bottom of the property with a majority covered in natural bushland. An opportunity to secure a peaceful rural retreat. Inspections strictly by appointment as the gates are locked."
Below are some similar properties in the area you may be interested in.
-
86.1%
-
-
$370,000
-$5,209
5.8%
4.1%
-7.3%
6.0%
Asking Price
$365,000
Estimated Purchase Price
$400,000
Stamp Duty
$19,070
Transfer Fee
$1,042
Conveyancing
$1,196
Deposit (10%)
$40,000
Reg. Mortgage
$129
LMI Premium
$8,842
Renovation Costs
-
Total Cash/Equity Required
$70,829
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
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
$16,319
$23,853
Interest Repayments
$23,760
$23,760
Net Cashflow Before Tax
-$7,441
$93
Depreciation
-
-
Tax Offset
-$2,232
$28
Net Cashflow After Tax
-$5,209
$65
Assumptions
Year 1
Year 10
Property Value
6.8%
$822,360
$1,486,631
Loan Balance
I.O
$360,000
$360,000
$462,360
$1,126,631
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
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price