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$490K
$78,206
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Try Picki for FREEConfidence
Medium
High
$500,000
Medium
$475,000
Low
$450,000
Confidence
Not Applicable
Experience a serene semi-rural lifestyle on this nearly 1-acre property located close to essential amenities and attractions. Ideal for Melbourne commuters, it's just a 2-minute drive to the VLine train and 55 minutes to the CBD. Among the last available blocks in town, this property offers an approved building envelope, established trees, post and rail fencing, water connection, and a site cut. Embrace breathtaking country views and tranquil evenings in privacy. The property is zoned Township with NBN and Power connections available.
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93.7%
$1.15M
2.5%
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Try Picki for FREE$10,000
-$22,884
-
Asking Price
$490,000
Estimated Purchase Price
$465,000
Stamp Duty
$22,970
Transfer Fee
$1,194
Conveyancing
$1,196
Deposit (10%)
$46,500
Reg. Mortgage
$129
LMI Premium
$10,279
Renovation Costs
-
Total Cash/Equity Required
$82,818
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,805
$2,355
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
-$5,070
-$6,615
Interest Repayments
$27,621
$27,621
Net Cashflow Before Tax
-$32,691
-$34,236
Depreciation
-
-
Tax Offset
-$9,807
-$10,271
Net Cashflow After Tax
-$22,884
-$23,965
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Year 1
Year 10
Property Value
6.8%
$507,300
$917,078
Loan Balance
I.O
$418,500
$418,500
$88,800
$498,578
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2021 Population
Suburbs
Public Administration and Safety - 15.0%
Health Care and Social Assistance - 12.0%
Education and Training - 11.0%
Retail Trade - 10.0%
Others - 52.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2025 to 2027
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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
