Withheld
$143,053
"The Company proudly presents 214 acres of land in the Farming Zone with a 4bedroom house and multiple sheds. Here is a rare opportunity to secure a large, highly regarded land holding with a professional market garden setup near the Bacchus Marsh Irrigation District with quick and easy access to the freeway. This property is well suited to a diversity of purchasers, including farmers, land bankers and investors local overseas. Balliang has massive potential to be a regionally significant hub for agribusiness and industry for the future with excellent capital and employment growth opportunities. Property features include 214 acres of green pastures Beautiful 4bedroom house Multiple sheds 4 dams Water tanks Comes under the farming zone 15 minutes drive to Bacchus Marsh Town 24 minutes drive to Avalon Airport 30 minutes drive to Geelong 35 minutes drive to Werribee Wyndham Vale Massive potential for the future with excellent Capital Growth. With close vicinity of Bacchus Marsh, Geelong and Lara is foolproof opportunity not to be missed Disclaimer The Company real estate has taken all reasonable steps to ensure that the information in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own inquiries to verify the information contained in this advertisement.."
Below are some similar properties in the area you may be interested in.
-
92.5%
-
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$55,000
-$14,193
4.4%
3.5%
-9.2%
6.0%
Asking Price
-
Estimated Purchase Price
$825,000
Stamp Duty
$44,570
Transfer Fee
$2,036
Conveyancing
$1,196
Deposit (10%)
$82,500
Reg. Mortgage
$129
LMI Premium
$23,524
Renovation Costs
-
Total Cash/Equity Required
$154,505
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$36,400
$51,809
Property Management
+7.7% PA
$2,803
$3,989
Rates
+3.0% PA
$1,603
$2,092
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
$28,729
$41,468
Interest Repayments
$49,005
$49,005
Net Cashflow Before Tax
-$20,276
-$7,537
Depreciation
-
-
Tax Offset
-$6,083
-$2,261
Net Cashflow After Tax
-$14,193
-$5,276
Assumptions
Year 1
Year 10
Property Value
6.8%
$939,840
$1,699,007
Loan Balance
I.O
$742,500
$742,500
$197,340
$956,507
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Accommodation and Food Services - 8.0%
Others - 50.0%
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