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$550K
-
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Try Picki for FREEConfidence
High
High
$555,000
Medium
$525,000
Low
$495,000
Confidence
N/A
This three-bedroom Hardiplank home sits on approximately 13.5 acres in Redcastle. The property boasts a beautiful seasonal creek and two dams. Totally off-grid, with available power and gas heating and cooking, it features a large covered deck and a two-car metal carport. Additional amenities include a 6m x 9m concreted shed, cattle yards, and a cattle crush. Perfect for a hobby farm or weekend retreat, this tranquil property offers potential for improvement and a serene escape.
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2021 Population
Suburbs
Health Care and Social Assistance - 15.0%
Manufacturing - 13.0%
Agriculture, Forestry and Fishing - 13.0%
Retail Trade - 12.0%
Others - 47.0%
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)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
0%
45.6%
-
-
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Try Picki for FREE-$65,000
-$28,067
-
Asking Price
$550,000
Estimated Purchase Price
$590,000
Stamp Duty
$30,470
Transfer Fee
$1,486
Conveyancing
$1,196
Deposit (10%)
$59,000
Reg. Mortgage
$129
LMI Premium
$16,823
Renovation Costs
-
Total Cash/Equity Required
$109,654
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,784
$2,328
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
-$5,049
-$6,588
Interest Repayments
$35,046
$35,046
Net Cashflow Before Tax
-$40,095
-$41,634
Depreciation
-
-
Tax Offset
-$12,029
-$12,490
Net Cashflow After Tax
-$28,067
-$29,144
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$560,700
$1,013,612
Loan Balance
I.O
$531,000
$531,000
$29,700
$482,612
