Entry level opportunity to acquire land holding in picturesque Bonalbo Village.
Located a few streets back from the CBD of Bonalbo, only a short walk to shops and services.
Vacant corner alotment, boundary fenced.
Average annual rainfall 1200 millimetres. Located at Bonalbo (short drive from Tabulam), with town hall, Bonalbo K-12 Public School & pre school, Dog & Bull Hotel, Foodworks, Post Office, Chemist, Church Services, Op Shop, Internet Cafe, Police Station, Ambulance, Rural Agent, Bowling Club, Golf Course, Touch Footy on Wednesday nights, Showgrounds (Campdraft, Art Show, Rodeo's, Country Fairs etc) and Bonalbo Hospital within immediate walk distance. The property is 60 minutes from Casino and 2 to 2.5 hours from Brisbane, Gold Coast and Byron Bay beaches.
The size of Bonalbo is approximately 85.9 square kilometres. It has 2 parks covering nearly 11.6% of total area. The population of Bonalbo in 2011 was 543 people. By 2016 the population was 347 showing a population decline of 36.1% in the area during that time. The predominant age group in Bonalbo is 50-59 years. Households in Bonalbo are primarily childless couples and are likely to be repaying $450 - $599 per month on mortgage repayments. In general, people in Bonalbo work in a labourer occupation. In 2011, 74.5% of the homes in Bonalbo were owner-occupied compared with 63.5% in 2016.
Bonalbo has 299 properties. Over the last 5 years, Houses in Bonalbo have seen a 145.28% increase in median value. As at 31 October 2024:
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