$300K
$59,761
"This is a great opportunity to purchase a block in the Poowong township. Set directly across the road from the primary school and just a short stroll to the supermarket. Views out across the hills and valleys of Poowong. Connections available will be MAINS WATER PRESSURISED SEWERAGE TELEPHONE CROSS OVERS TO BLOCKS INCLUDED These blocks are expected to title in approximately 12 months. 5 Deposit will secure your block and balance at settlement upon titles being issued. Approx 50 minutes to Pakenham or Cranbourne. Disclaimerwe have obtained all information in this document from sources we believe to be reliable howeverwe cannot guarantee its accuracy. Prospective purchasers leasees are advised to carry out their own investigations. httpswww.consumer.vic.gov.auduediligencechecklist"
Below are some similar properties in the area you may be interested in.
-
87.8%
$555K
5%
-$30,000
-$6,073
5.3%
3.4%
-10.2%
6.0%
Asking Price
$300,000
Estimated Purchase Price
$340,000
Stamp Duty
$15,470
Transfer Fee
$901
Conveyancing
$1,196
Deposit (10%)
$34,000
Reg. Mortgage
$129
LMI Premium
$7,516
Renovation Costs
-
Total Cash/Equity Required
$59,762
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
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
$11,520
$17,022
Interest Repayments
$20,196
$20,196
Net Cashflow Before Tax
-$8,676
-$3,174
Depreciation
-
-
Tax Offset
-$2,603
-$952
Net Cashflow After Tax
-$6,073
-$2,222
Assumptions
Year 1
Year 10
Property Value
6.8%
$331,080
$598,514
Loan Balance
I.O
$306,000
$306,000
$25,080
$292,514
Did you know you need to engage a conveyancer when buying a property?
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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