A 1736 m2 block at the intersection of Barry road and Forest Way is offered for sale. Being a former site of Our House Inn , first licensed to sell liquor in 1860 in the gold rush days, it presents an interesting opportunity.
Former water race used for washing gold cuts through the block and below is a quote from Wikipedia:
During 1853, American gold miners dug, an approximately 23 km, water race from Callaghans Swamp to underneath the Hanging Rock cliff face. Also that year Californians dug another water race from the swamp at the head of Dangars Gully to Nuggety Gully. In 1882, it took about twelve months to cut a 13 km water race from the Barnard River on the eastern side of the rough mountainous Great Dividing Range to the western side of the Range. Just south of Hanging Rock village are the Sheba Dams (with a surface area of 3.6 ha) which were erected by hand over a three-week period in 1888 to serve the sluicing needs of the miners. This construction was carried out by the Mt Sheba Company which leased the water rights for the area. Other water races were also constructed to feed various other mines around Bowling Alley Point and Hanging Rock.
Link to an article about history of Hanging Rock among other places. Section 5.4.3 mentions former hotel on site. https:/?/?www.tamworth.nsw.gov.au/?ArticleDocuments/?221/?2.07.5_Thematic_His tory_of_Nundle_Manilla_and_Bar raba_Attachment-small.pdf.aspx
Topography: undulating, cleared block.
Soil: chocolate basalt
Rainfall: approximately 1100mm/annual
Climate: cool temperate with occasional winter snow.
Zoning: RU1
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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