This appealing mixed farming property is located approx. 18km North West of Inverell on a sealed road. It is undulating country with a mixture of red and black basalt soil. Mostly cleared with approx. 300 acres arable. Well watered with 2 equipped bores, 5 dams, 60000 litres of storage and 6 troughs. The North facing 4 bedroom brick veneer home has open plan living area with ducted A/C and wood heating. The vaulted ceiling to the kitchen has exposed timber beams and allows excellent light. Main bedroom has BIR's and ensuite. Other improvements include timber and steel cattle yards with head bale, 5 bay machinery/hay/shearing shed, 4 bay colourbond shed with workshop. Owner states carrying capacity as 40 - 50 cows and calves.
The size of Oakwood is approximately 152.3 square kilometres. The population of Oakwood in 2011 was 396 people. By 2016 the population was 156 showing a population decline of 60.6% in the area during that time. The predominant age group in Oakwood is 40-49 years. Households in Oakwood are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Oakwood work in a managers occupation. In 2011, 80.2% of the homes in Oakwood were owner-occupied compared with 70.4% in 2016..
Oakwood has 94 properties. Over the last 5 years, Houses in Oakwood have seen a 36.62% increase in median value. As at 31 October 2024:
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