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$1.7M
$322,184
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$400,000
Medium
$370,000
Low
$340,000
Confidence
Not Found
Greys offers a significant opportunity for mixed farming on 151.39 hectares in the Benalla Shire region of Victoria. This sprawling property showcases versatile land suitable for grazing, cropping, and livestock, underpinned by fertile grey and brown sodosols. It features reliable natural water resources, enhancing its agricultural potential. The property can support high livestock capacity and boasts a history of productive rotational cereal cropping. Strategically situated, Greys is easily accessible while maintaining privacy with its tranquil, no-through-road location.
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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 - 14.0%
Manufacturing - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Retail Trade - 9.0%
Others - 56.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
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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
0%
87.6%
$394K
7.9%
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Try Picki for FREE-$1,330,000
-$74,267
-
Asking Price
$1,700,000
Estimated Purchase Price
$1,700,000
Stamp Duty
$93,500
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$170,000
Reg. Mortgage
$129
LMI Premium
$53,194
Renovation Costs
-
Total Cash/Equity Required
$322,184
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,850
$2,414
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
-$5,115
-$6,674
Interest Repayments
$100,980
$100,980
Net Cashflow Before Tax
-$106,095
-$107,654
Depreciation
-
-
Tax Offset
-$31,829
-$32,296
Net Cashflow After Tax
-$74,267
-$75,358
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$395,160
$714,355
Loan Balance
I.O
$1,530,000
$1,530,000
-$1,134,840
-$815,645
