Lot 7 is located on the southern and eastern boundary of the property and provides extensive rural and sea views with Little Porky Creek along the south. This is a part of a 7 lot strata title development sitting within a 28 hectare site overlooking Little Porky Beach and the Southern Ocean. These lots are centrally located just some 10 kilometers north of the main town on the island of Currie, handy to the new golf course venues of Cape Wickham and Ocean Dunes and convenient to the airport and the famous King Island Dairy. This is a vacant development site with building approval in place. It is just a short walk to the beach front and from Barnes Road and handy to Porky Beach, a popular family beach for surfing, fishing, walking and native birdlife.
Privacy to the property is ensured through the strata title of 28 hectares with 7 development sites of 2827 square metres. All sites have been designed to provide maximum privacy with natural screening by dunes and native bush. Access is from Barnes Road with roadways formed to each lot. Additionally, mains power has been extended into the property simplifying connection to the grid. Water for gardens and firefighting is available from a spring fed dam. Access to the beach is ensured from all lots through common land. No further lots are permitted.
The size of Loorana is approximately 130.2 square kilometres. It has 8 parks covering nearly 15% of total area. The population of Loorana in 2011 was 1,091 people. By 2016 the population was 118 showing a population decline of 89.2% in the area during that time. The predominant age group in Loorana is 50-59 years. Households in Loorana are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Loorana work in a managers occupation. In 2011, 59.1% of the homes in Loorana were owner-occupied compared with 76.9% in 2016..
Loorana has 107 properties. Over the last 5 years, Houses in Loorana have seen a 25.00% increase in median value. As at 30 September 2024:
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