Paradise Retreat with Great investment opportunity
A rare opportunity exists to purchase this picturesque rural retreat surrounded by native bush land and situated close to Lake Bennett Resort. It's a large parcel of very good land with excellent potential for sub-division, strategically located a short drive off the Stuart Highway and very close to the fabulous Lake Bennett recreational resort.
Features include:
The size of Lake Bennett is approximately 164.4 square kilometres. It has 1 park covering nearly 6.3% of total area. The population of Lake Bennett in 2011 was 541 people. By 2016 the population was 78 showing a population decline of 85.6% in the area during that time. The predominant age group in Lake Bennett is 60-69 years. Households in Lake Bennett are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Lake Bennett work in a labourer occupation. In 2011, 71.3% of the homes in Lake Bennett were owner-occupied compared with 75% in 2016..
Lake Bennett has 202 properties. Over the last 5 years, Houses in Lake Bennett have seen a -10.34% decrease in median value, while Units have seen a 43.57% increase. As at 30 September 2024:
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