FOR SALE
$3.78 Million

10 Old Hat Road
Foster VIC 3960

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Land area: 360ac
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"KOORATONG" OCEAN FRONTAGE DAIRY/GRAZING PROPERTY

With frontage to Fosters, Corner Inlet this superb 360-acre property has previously milked around 300 cows. Alternatively, 'Kooratong' would easily convert to an excellent beef fattening/breeding property or equally suit as a dairy turnout and fodder farm
Land: Majority of heavy carrying flats with some undulating rising country
Dairy: 23 swing over herringbone with 14,000 litre vat capacity& auto feed system
Shedding: 23.5x18m steel utility shed plus calving shed, separate calf rearing shed, hay shed, barn & workshop
Home: Older weatherboard cottage style home (approx. 100 years old) with 3 bedrooms plus study, kitchen/dining & separate lounge.
Water: 2 excellent main dams plus a permanent well all interconnected to a header tank system for the dairy and all troughs. A reliable high rainfall ensures water security.
Pasture: Comprising black loam, sandy loam & peat soil types, pastures are highly improved with a strong fertiliser history.
Paddocks: An extensive central laneway system to all 30 + paddocks, provides easy access to the dairy & yards.
Location: Foster 5km, Leongatha 30 mins, Melbourne is just 2 hours.
'Kooratong' is an outstanding opportunity to secure a productive dairy farm which would also make an excellent grazing property with lifestyle benefits.
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Property Details for 10 Old Hat Rd, Foster

Building Type
Rural
Land Size
360ac

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About Foster 3960

The size of Foster is approximately 116.3 square kilometres. It has 7 parks covering nearly 1.3% of total area. The population of Foster in 2011 was 1,678 people. By 2016 the population was 1,868 showing a population growth of 11.3% in the area during that time. The predominant age group in Foster is 60-69 years. Households in Foster are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Foster work in a managers occupation. In 2011, 74.1% of the homes in Foster were owner-occupied compared with 73.1% in 2016.

Foster has 1,491 properties. Over the last 5 years, Houses in Foster have seen a 63.90% increase in median value, while Units have seen a 87.02% increase. As at 31 August 2024:

  • The median value for Houses in Foster is $534,591 while the median value for Units is $481,341.
  • Houses have a median rent of $400 while Units have a median rent of $320.
There are currently 16 properties listed for sale, and 1 property listed for rent in Foster on OnTheHouse. According to CoreLogic's data, 43 properties were sold in the past 12 months in Foster.

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Ben Townsend
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Elders Real Estate Leongatha/Korumburra
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