There is big demand from people wanting to live in the lush green valley of Hannam Vale but many can't afford the high price tags.
There is rarely anything under $400,000 yet here we have one with DA approved for a new home, and a shed ready to live in. The 2.1 hectare block is elevated to give you eastern views down the valley, a good dam, plenty of trees and easy access.
All the hard work is done, the 9m x 9m shed is insulated, has a bathroom, kitchen and bedroom, water is connected from 2 big tanks and power is connected. There is also a fully approved reed bed septic, so all the comforts of home.
The size of Hannam Vale is approximately 25.3 square kilometres. It has 1 park covering nearly 0.7% of total area. The population of Hannam Vale in 2011 was 422 people. By 2016 the population was 173 showing a population decline of 59.0% in the area during that time. The predominant age group in Hannam Vale is 50-59 years. Households in Hannam Vale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Hannam Vale work in a professional occupation. In 2011, 87.7% of the homes in Hannam Vale were owner-occupied compared with 82.9% in 2016.
Hannam Vale has 148 properties. Over the last 5 years, Houses in Hannam Vale have seen a 62.72% increase in median value, while Units have seen a 21.82% increase. As at 31 August 2024:
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