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$598K
$111,562
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Try Picki for FREEConfidence
High
High
$620,000
Medium
$580,000
Low
$540,000
Confidence
N/A
This rural property is perfect for equine, livestock, or cropping uses, or as a recreational weekend retreat. With abundant water featuring double frontage to Two Mile Creek, three dams, a solar pump, and underground reticulation, it’s well-equipped for agriculture. The land consists mainly of well-drained sandloam over clay, and the property boasts mains power, great fencing, and proximity to Benalla, Shepparton, and Melbourne. Ideal sites for building a dream home are available, subject to council approval.
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92.3%
-
-
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Try Picki for FREE-$30,000
-$29,149
-
Asking Price
$610,000
Estimated Purchase Price
$610,000
Stamp Duty
$31,670
Transfer Fee
$1,533
Conveyancing
$1,196
Deposit (10%)
$61,000
Reg. Mortgage
$129
LMI Premium
$17,393
Renovation Costs
-
Total Cash/Equity Required
$113,471
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$2,142
$2,795
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
-$5,407
-$7,055
Interest Repayments
$36,234
$36,234
Net Cashflow Before Tax
-$41,641
-$43,289
Depreciation
-
-
Tax Offset
-$12,492
-$12,987
Net Cashflow After Tax
-$29,149
-$30,302
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$619,440
$1,119,800
Loan Balance
I.O
$549,000
$549,000
$70,440
$570,800
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
Agriculture, Forestry and Fishing - 25.0%
Manufacturing - 9.0%
Health Care and Social Assistance - 9.0%
Accommodation and Food Services - 8.0%
Others - 49.0%
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
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