159 Mcbrien RoadEast Coraki NSW 2471
Property Details for 159 Mcbrien Rd, East Coraki
Last Listing description (March 2023)
Dryland rice and cane growing property located in the mid-Richmond river area.
Approximately 115 acres in size, the property contains 85 acres of rice, 15 acres of cane and approximately 15 acres of land suitable for livestock.
The property is laser levelled falling towards nearby flood mitigation drains.
The property has two access points, one on Swan Bay Road the other off McBriens Road. Easy machinery access.
Property averages three tonnes to the acre of rice with some years the yields are near four tonne to the acre.
The Northern Rivers has been recognised as an ideal rice growing area due to its climate, high rainfall and fertile soils. With demand for rice expected to exceed by 25% this would be an ideal long term investment property.
It should be noted a 139 acre (56.6Ha) property only 600m away is also for sale.
Property History for 159 Mcbrien Rd, East Coraki, NSW 2471
- 17 Mar 2023Listed for Sale $1,150,000
- 04 Oct 2005Sold for $420,000
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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 30.02% increase in median value. As at 31 October 2024:
- The median value for Houses in East Coraki is $512,658 while the median value for Units is $569,980.
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