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$3.4M
$615,744
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$3,500,000
Medium
$3,200,000
Low
$2,900,000
Confidence
Not Found
Discover a spectacular rural property offering breathtaking views of a massive dam and surrounding picturesque landscapes. Just ten minutes from town, this versatile land is perfect for building your dream home or chalets and supports various forms of farming. Currently, it's utilized for sheep grazing. The property boasts abundant water sources, featuring two large dams, a few stock dams, and paddocks with water troughs. Enhancing its appeal, you'll find a modern 4-stand shearing shed, a spacious machinery shed in excellent condition, and an older farmhouse with additional sheds. The fencing is in top condition, presenting an inviting opportunity for rural living.
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Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Agriculture, Forestry and Fishing - 25.0%
Retail Trade - 10.0%
Education and Training - 9.0%
Health Care and Social Assistance - 9.0%
Others - 47.0%
Average Income
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
No data available
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
0%
80.3%
-
-
Unlock Property Investment Scores
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Try Picki for FREE-$200,000
-$145,603
-
Asking Price
$3,400,000
Estimated Purchase Price
$3,400,000
Stamp Duty
$166,216
Transfer Fee
$853
Conveyancing
$1,535
Deposit (10%)
$340,000
Reg. Mortgage
$203
LMI Premium
$106,387
Renovation Costs
-
Total Cash/Equity Required
$615,744
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+8.2% PA
-
-
Rates
+3.0% PA
$2,339
$3,052
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
-$6,044
-$7,886
Interest Repayments
$201,960
$201,960
Net Cashflow Before Tax
-$208,004
-$209,846
Depreciation
-
-
Tax Offset
-$62,401
-$62,954
Net Cashflow After Tax
-$145,603
-$146,892
Unlock the power of Picki
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$3,417,600
$6,178,208
Loan Balance
I.O
$3,060,000
$3,060,000
$357,600
$3,118,208
