FOR SALE
$1,390,000

323 Swan Bay Road
East Coraki NSW 2471

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 56.6ha
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MID RICHMOND RIVER CROPPING COUNTRY

139 acres of fertile, laser levelled cropping land only 7km from the village of Woodburn.
Currently growing a combination of dryland rice and sugar cane the land would be open to any form of cropping including soya beans or nut farming and alike.
As stated by the Natural Rice Company, 'the rich fertile soils, high rainfall and the warm sub-tropical climate are the ideal conditions for eco-positive farming to produce the highest quality rice.'
The property is an 'L' shape with approximately 380 metres of direct road frontage to Swan Bay Road. As stated the property has been laser levelled, draining back to Yaeger's Drain.
Access with machinery is no problem with machinery access via a gravel laneway on the south eastern corner and an alternate access on the northern end off Swan Bay Road.
This paddock was inundated by the flooding in 2022 however it has had little effect with the current crops in excellent condition.
There is approximately 70 acres of the property planted down to dryland rice with the paddock averaging approximately 3 tonnes to the acre and with the current estimations that world-wide rice production will need to increase by 25% over the next 25 years to meet global demand this would be an ideal time to invest in the rice industry in the Northern Rivers.
This is a quality piece of country in a very popular area.

Property Details for 323 Swan Bay Rd, East Coraki

Building Type
Rural
Land Size
56.6ha

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About East Coraki 2471

The size of East Coraki is approximately 45.8 square kilometres. The population of East Coraki in 2011 was 428 people. By 2016 the population was 202 showing a population decline of 52.8% in the area during that time. The predominant age group in East Coraki is 50-59 years. Households in East Coraki are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in East Coraki work in a managers occupation. In 2011, 72.7% of the homes in East Coraki were owner-occupied compared with 72% in 2016..

East Coraki has 129 properties. Over the last 5 years, Houses in East Coraki have seen a 41.37% increase in median value. As at 30 November 2024:

  • The median value for Houses in East Coraki is $549,165 while the median value for Units is $553,508.
There are currently 5 properties listed for sale, and 2 properties listed for rent in East coraki on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in East coraki.

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Darren Winkler
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T & W McCormack Pty Ltd
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