Located just 3.33 Klms North of the Mallee Highway is this versatile property with good improvements including a 3 Bedroom timber home with open lounge and dining room, plus games room. the property also includes an excellent 2 stand shearing shed, yards, sundry shedding. A submersible bore serves the water trough network throughout southern paddocks and a good mill (reconditioned 2012) pushes bore water to the northern paddocks. The property is divided into 9 main paddocks with good all round fencing.
A good mix of pastures including medic clovers, natural grasses primrose and excellent stands of veldt.
The property has been predominantly set to grazing as a more conservative farm management option since 2006 although there is lots of opportunity with plenty of heavier flats and loam soil profiles to ramp up cropping activity on the property.
The size of Parrakie is approximately 486.2 square kilometres. It has 1 park covering nearly 0.5% of total area. The population of Parrakie in 2011 was 270 people. By 2016 the population was 102 showing a population decline of 62.2% in the area during that time. The predominant age group in Parrakie is 60-69 years. Households in Parrakie are primarily childless couples and are likely to be repaying $450 - $599 per month on mortgage repayments. In general, people in Parrakie work in a managers occupation. In 2011, 78.4% of the homes in Parrakie were owner-occupied compared with 84.9% in 2016..
Parrakie has 112 properties. Over the last 5 years, Houses in Parrakie have seen a 81.16% increase in median value. As at 30 November 2024:
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