$535K
$111,562
"Stage 2 is selling now Consisting of 8 lots in varying sizes from 2781m2 to 5070m2, priced from 420,000 to 600,000. Stage 2 titles are anticipated for late2022. Build your dream home on the 5061m2 Lot 203, in this lovely location with a rural feel. The Oaks is located in the heart of town within easy walking distance to all of the towns amenities including supermarket, hotel, caf, post office, outdoor swimming pool and recreation reserve. Poowong is situated just 8 minutes drive from the charming artisans village of Loch on the South Gippsland food and wine trail. Poowong is also just 26 kilometres from Drouin and Warragul with all of their big town amenities and train services to the city. The outer eastern suburbs of Melbourne are under 50 minutes drive. Theres never been a better time to move to the country Call one of our agents anytime for a list of available block sizes and prices Scott on 0409 785 846 Aminah on 0415 256 578 Luke on 0422 066 129 When purchasing property we recommend you review the CAV Due Diligence Checklist. Visit httpwww.consumer.vic.gov.auduediligencechecklist"
Below are some similar properties in the area you may be interested in.
-
87.8%
$555K
5%
-$335,000
-$17,892
2.8%
1.7%
-16.0%
6.0%
Asking Price
$535,000
Estimated Purchase Price
$600,000
Stamp Duty
$31,070
Transfer Fee
$1,510
Conveyancing
$1,196
Deposit (10%)
$60,000
Reg. Mortgage
$129
LMI Premium
$17,108
Renovation Costs
-
Total Cash/Equity Required
$111,562
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$16,640
$23,684
Property Management
+7.7% PA
$1,281
$1,824
Rates
+3.0% PA
$2,014
$2,628
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
$10,080
$14,972
Interest Repayments
$35,640
$35,640
Net Cashflow Before Tax
-$25,560
-$20,668
Depreciation
-
-
Tax Offset
-$7,668
-$6,200
Net Cashflow After Tax
-$17,892
-$14,467
Assumptions
Year 1
Year 10
Property Value
6.8%
$283,020
$511,633
Loan Balance
I.O
$540,000
$540,000
-$256,980
-$28,367
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price