One of King Island's original dairy farms, located in the Pegarah region, which possesses some of the Island's strongest soil types.
The approximately 425 acre farm has been producing milk, since it was cleared from native forest (approx. 115 years ago).
This farm currently supplies milk through a 20 unit herringbone dairy to Saputo.
Other improvements include a gazebo, machinery shed and a powered cubby/shed.
Stock water is supplied by on farm dams, and a very good bore located near the dairy.
There is a 148 acre runoff located nearby which would also be available to the successful purchaser.
The farm is located in close proximity to the township of Naracoopa which has some of the Island's best fishing and surfing, with the main township of Currie being approximately 20 kilometres away.
King Island is well known for its abundance of seafood, quality beef and cheese, highly rated golf courses and a growing tourism destination. This property would be a good opportunity to establish yourself and become one of the rare breed known as an Islander.
The size of Pegarah is approximately 143.8 square kilometres. It has 1 park covering nearly 8.6% of total area. The population of Pegarah in 2011 was 203 people. By 2016 the population was 141 showing a population decline of 30.5% in the area during that time. The predominant age group in Pegarah is 60-69 years. Households in Pegarah are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Pegarah work in a managers occupation. In 2011, 75.9% of the homes in Pegarah were owner-occupied compared with 84.6% in 2016..
Pegarah has 94 properties. Over the last 5 years, Houses in Pegarah have seen a 12.48% increase in median value. As at 31 October 2024:
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