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$550K
$98,495
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$560,000
Medium
$520,000
Low
$480,000
Confidence
Medium
Discover a rare opportunity to build on a sizeable 5-acre block in Byawatha, located on the north side of Wangaratta. This property features a removable unit, a small dam, a water tank, and a septic tank. While additional services are not currently available on the block, electricity and phone connections are easily accessible from the front. Surrounded by farms, this plot offers a unique chance for development in a sought-after area.
Trusted by over 13k property buyers and counting...
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89.8%
$1.25M
1.7%
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Try Picki for FREE-$30,000
-$14,603
3.3%
Asking Price
$550,000
Estimated Purchase Price
$550,000
Stamp Duty
$28,070
Transfer Fee
$1,393
Conveyancing
$1,196
Deposit (10%)
$55,000
Reg. Mortgage
$129
LMI Premium
$12,158
Renovation Costs
-
Total Cash/Equity Required
$98,496
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
$1,725
$2,251
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
$11,809
$17,399
Interest Repayments
$32,670
$32,670
Net Cashflow Before Tax
-$20,861
-$15,271
Depreciation
-
-
Tax Offset
-$6,258
-$4,581
Net Cashflow After Tax
-$14,603
-$10,690
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$555,360
$1,003,959
Loan Balance
I.O
$495,000
$495,000
$60,360
$508,959
Location, 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 - 19.0%
Retail Trade - 11.0%
Manufacturing - 10.0%
Education and Training - 8.0%
Others - 52.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
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