This could be the last undeveloped small acre block for 100K in Hanging Rock. Perfect for that "cabin in the woods" you always wanted to build, yet located meters from the sealed road.
Hidden behind the neighbours, this sloping 3 acre block is offering privacy, views, cool summer climate with reliable rainfall and quality soil. The land can be described as having a level area at the entrance, followed by a slope towards a second level area in the middle (best spot for privacy) followed by a slope towards the bottom fence. The bottom of the block is adjoining a recreational reserve (Crown land) and fire trails leading to the numerous gold mines. It also comes complete with its own old gold mine shaft located at the second level.
This block is offering an excellent foothold at the Rock and access to the State forest and Sheba dams, all on a shoestring budget.
The size of Hanging Rock is approximately 313.7 square kilometres. It has 10 parks covering nearly 54.4% of total area. The population of Hanging Rock in 2011 was 598 people. By 2016 the population was 99 showing a population decline of 83.4% in the area during that time. The predominant age group in Hanging Rock is 60-69 years. Households in Hanging Rock are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Hanging Rock work in a managers occupation. In 2011, 72% of the homes in Hanging Rock were owner-occupied compared with 71.4% in 2016..
Hanging Rock has 158 properties. Over the last 5 years, Houses in Hanging Rock have seen a 93.93% increase in median value, while Units have seen a -15.16% decrease. As at 31 October 2024:
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