Hellllloooo...This is real? You bet it is! This is R1 Residential land (general residential) that is sub-dividable (subject to Council regulations of course) into minimum lot size of 500sqm.
And you have 11,000sqm.
And, are you aware that there may very well be a moratorium on developer contributions (ie, waiving the development fees - meaning savings of tens of thousands of dollars per block) for the residential zoned land in the township of Kempsey thanks to the foresight of the location Kempsey Shire Council to increase development in the town to cater for the increasing population!
The size of South Kempsey is approximately 66.3 square kilometres. It has 8 parks covering nearly 28.7% of total area. The population of South Kempsey in 2011 was 2,466 people. By 2016 the population was 2,309 showing a population decline of 6.4% in the area during that time. The predominant age group in South Kempsey is 0-9 years. Households in South Kempsey are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Kempsey work in a professional occupation. In 2011, 59.4% of the homes in South Kempsey were owner-occupied compared with 62.3% in 2016.
South Kempsey has 1,566 properties. Over the last 5 years, Houses in South Kempsey have seen a 53.91% increase in median value, while Units have seen a 71.35% increase. As at 31 October 2024:
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