A well-developed and productive horticultural property located 12.5 kilometres (approx.) south of the Sturt Highway near Moorook in South Australia s Riverland region.
This attractive property occupies a prime position overlooking the Murray River and comprises a total land area of 131 hectares (approx.) on 5 Titles.
The property is split into two main parcels, a 41 hectare (approx.) parcel comprising a mature almond and citrus orchard and plantable land, and a 90 hectare (approx.) parcel of broadacre irrigation land currently used for vegetable production under centre pivot irrigators.
The size of New Residence is approximately 14.7 square kilometres. The population of New Residence in 2011 was 116 people. By 2016 the population was 76 showing a population decline of 34.5% in the area during that time. The predominant age group in New Residence is 10-19 years. Households in New Residence are primarily couples with children and are likely to be repaying under $300 per month on mortgage repayments. In general, people in New Residence work in a managers occupation. In 2011, 81.1% of the homes in New Residence were owner-occupied compared with 62% in 2016..
New Residence has 71 properties. Over the last 5 years, Houses in New Residence have seen a 94.45% increase in median value. As at 30 November 2024:
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