$1.3M
$271,722
"A golden opportunity to purchase 207 acres of quality grazing land at an affordable price. Situated just 10 minutes from Foster and Fish Creek. This property is well suited to cattle fattening or breedingsheep, dairy turnout or to build with magnificent panoramic views. Features include Balance of undulating to rolling hill country Treed gullies and bush areas provide for excellent stock shelter and appeal Water via dams and springs supported by a 40 inch plus annual rainfall Well fenced to 16 paddocks, being a combination of ringlock, barb plus electric hot wire Stockyards with vet crush sheep draft Storage shed includes a single stand could be two stand shearing platform, power, and concrete floor Currently running cattle and sheep Elevated home site boasts exceptional views STCA Frontage to Fish Creek Can cut hay and silage Leongatha 25 mins, Foster 10 mins, Fish Creek 10 mins An excellent affordable farming property in a highly sought location Contact Don Olden on 0417 805 312 or Ben Townsend on 0400 594 487. For a Due Diligence Checklist go to consumer.vic.gov.auduediligencechecklist"
-
86.1%
-
-
-$660,000
-$49,716
1.4%
1.0%
-18.3%
6.0%
Asking Price
$1,299,000
Estimated Purchase Price
$1,430,000
Stamp Duty
$78,650
Transfer Fee
$3,452
Conveyancing
$1,196
Deposit (10%)
$143,000
Reg. Mortgage
$129
LMI Premium
$44,745
Renovation Costs
-
Total Cash/Equity Required
$271,722
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+7.7% PA
$1,602
$2,280
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
$13,919
$20,437
Interest Repayments
$84,942
$84,942
Net Cashflow Before Tax
-$71,023
-$64,505
Depreciation
-
-
Tax Offset
-$21,307
-$19,351
Net Cashflow After Tax
-$49,716
-$45,153
Assumptions
Year 1
Year 10
Property Value
6.8%
$822,360
$1,486,631
Loan Balance
I.O
$1,287,000
$1,287,000
-$464,640
$199,631
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
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