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$3.5M
$570,006
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$3,800,000
Medium
$3,500,000
Low
$3,200,000
Confidence
Not Found
This expansive 692-hectare rural property, located strategically 37 km north of Two Rocks and approximately 1.1 km from the ocean foreshore, offers a unique opportunity for investment. Currently utilized as a grazing property for cattle, it features 60 hectares of cleared pastures and a serviced bore. With dual frontage to Indian Ocean Drive and Greenwood Coast Road, and proximity to Mission Beach, Seabird, and Ledge Point, this land priced at $3.5 million presents a rare and valuable holding.
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 45.0%
Construction - 8.0%
Retail Trade - 6.0%
Accommodation and Food Services - 5.0%
Others - 36.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
No data available
No data available
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
0%
71.8%
-
-
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Try Picki for FREE$350,000
-$134,525
-
Asking Price
$3,500,000
Estimated Purchase Price
$3,150,000
Stamp Duty
$153,341
Transfer Fee
$813
Conveyancing
$1,535
Deposit (10%)
$315,000
Reg. Mortgage
$203
LMI Premium
$98,565
Renovation Costs
-
Total Cash/Equity Required
$570,006
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+8.2% PA
-
-
Rates
+3.0% PA
$1,364
$1,780
Water
+3.0% PA
$1,455
$1,898
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
-$5,069
-$6,614
Interest Repayments
$187,110
$187,110
Net Cashflow Before Tax
-$192,179
-$193,724
Depreciation
-
-
Tax Offset
-$57,654
-$58,117
Net Cashflow After Tax
-$134,525
-$135,607
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$3,738,000
$6,757,415
Loan Balance
I.O
$2,835,000
$2,835,000
$903,000
$3,922,415
