$6M
$1,016,020
"Nestled among the picturesque hills of South Gippsland, with two allotments totalling approximately 102.4 acres, divided by Andersons Inlet Road, this property offers diverse very undulating to steep terrain and seven dams for water access. Complete with stockyards, its ideal for grazing or a turnout paddock. Conveniently located all within 25 minutes from Korumburra, Loch, Inverloch, Wonthaggi, and the Victorian Livestock Exchange. Please contact Nutrien Harcourts selling agent Barry Redmond on 0477 622 292 for further information or to arrange your inspection."
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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
-
76.5%
$975K
3.7%
-$6,090,000
-$287,869
0.5%
0.4%
-20.0%
6.0%
Asking Price
$8,000,000
Estimated Purchase Price
$7,400,000
Stamp Duty
$461,000
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$740,000
Reg. Mortgage
$129
LMI Premium
$231,549
Renovation Costs
-
Total Cash/Equity Required
$1,438,039
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
$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
$28,318
$40,931
Interest Repayments
$439,560
$439,560
Net Cashflow Before Tax
-$411,242
-$398,629
Depreciation
-
-
Tax Offset
-$123,373
-$119,589
Net Cashflow After Tax
-$287,869
-$279,040
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,399,080
$2,529,204
Loan Balance
I.O
$6,660,000
$6,660,000
-$5,260,920
-$4,130,796
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