ATTENTION FARMING ENTHUSIASTS
This 96.49Ha Property is ready for the next enthusiast. The property has been set up for tea tree production with 4 laser levelled blocks 8 blocks in total. The property is more than capable of producing 30 tonnes of tea tree per hectare. There is a 420 mega-litre irrigation licence for irrigation from Bungawalbin Creek which is permanent water. There is a building site ready by the creek with a boat ramp for your free time.
The property comes with a current small living quarters while you build, a 9x12m ran build shed with a 24x6m 5 bay tractor shed. There is a spring fed dam & 12,000 gallons of tank water. Included are 2 hot houses with irrigation capable of housing up to 80,0000 plants.
The size of Bungawalbin is approximately 101.6 square kilometres. It has 4 parks covering nearly 36.4% of total area. The population of Bungawalbin in 2011 was 296 people. By 2016 the population was 118 showing a population decline of 60.1% in the area during that time. The predominant age group in Bungawalbin is 50-59 years. Households in Bungawalbin are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Bungawalbin work in a machinery operators and drivers occupation. In 2011, 85.7% of the homes in Bungawalbin were owner-occupied compared with 61.4% in 2016..
Bungawalbin has 102 properties. Over the last 5 years, Houses in Bungawalbin have seen a 50.63% increase in median value. As at 31 October 2024:
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