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$730K
$119,197
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$970,000
Medium
$850,000
Low
$730,000
Confidence
Not Applicable
Discover an exquisite 67-acre parcel in Springmount, offering a tranquil rural setting with proximity to amenities. Fully fenced for security, the land boasts rich volcanic soil, ideal for farming ventures like spud cultivation. The property includes a bore and pump, established fruit trees, and is well-prepared for livestock. Just a short drive to Creswick and 25 minutes to Ballarat, the location blends countryside serenity with city access. Perfect for building your dream home, a hobby farm, or a private retreat, this land is a unique investment opportunity.
Trusted by over 13k property buyers and counting...
Try Picki for FREELocation, 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
Accommodation and Food Services - 16.0%
Health Care and Social Assistance - 15.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 48.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % Change in Median House Prices (Prev. Quarter)
No data available
No data available
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
Below are some similar properties in the area you may be interested in.
0%
87.8%
$655K
313.6%
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Try Picki for FREE$210,000
-$29,993
-
Asking Price
$730,000
Estimated Purchase Price
$640,000
Stamp Duty
$33,470
Transfer Fee
$1,603
Conveyancing
$1,196
Deposit (10%)
$64,000
Reg. Mortgage
$129
LMI Premium
$18,249
Renovation Costs
-
Total Cash/Equity Required
$119,197
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,566
$2,043
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
-$4,831
-$6,303
Interest Repayments
$38,016
$38,016
Net Cashflow Before Tax
-$42,847
-$44,319
Depreciation
-
-
Tax Offset
-$12,854
-$13,296
Net Cashflow After Tax
-$29,993
-$31,024
Unlock the power of Picki
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$907,800
$1,641,086
Loan Balance
I.O
$576,000
$576,000
$331,800
$1,065,086
