High on the hill at Arakoon is this half acre (2,023m2) vacant parcel of land. With neighbours only on one side this block offers privacy, prestige position and a rare chance to purchase one of the last vacant residential blocks in Arakoon. A great address in a great location.
The size of Arakoon is approximately 24.9 square kilometres. It has 4 parks covering nearly 93.5% of total area. The population of Arakoon in 2011 was 513 people. By 2016 the population was 406 showing a population decline of 20.9% in the area during that time. The predominant age group in Arakoon is 60-69 years. Households in Arakoon are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Arakoon work in a trades occupation. In 2011, 84.5% of the homes in Arakoon were owner-occupied compared with 84.2% in 2016.
Arakoon has 321 properties. Over the last 5 years, Houses in Arakoon have seen a 75.35% increase in median value, while Units have seen a 59.61% increase. As at 31 October 2024:
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