One would be hard pressed to find a more impressive property than this, an unbelievable location combined with huge potential. 151 hectares or 373 acres of the highest quality grazing capable of carrying in excess of 100 breeding cows. Shelter belts and areas of tall timber give the property an almost a manicured look. There is over 100 megalitres of irrigation water stored on the property which could be used for horticultural development. The water has previously been sold off the property. The most magnificent views are afforded from all areas on the farm over Norfolk Bay, Frederick Henry Bay, Prices Bay, and Cascades Bay to name a few. The property is on 5 titles with long frontages onto Nubeena and Saltwater River Roads. Some titles contain a number of lots that may increase its development potential.
The size of Premaydena is approximately 18.4 square kilometres. It has 6 parks covering nearly 2.8% of total area. The population of Premaydena in 2011 was 279 people. By 2016 the population was 94 showing a population decline of 66.3% in the area during that time. The predominant age group in Premaydena is 50-59 years. Households in Premaydena are primarily childless couples and are likely to be repaying $450 - $599 per month on mortgage repayments. In general, people in Premaydena work in a managers occupation. In 2011, 76.5% of the homes in Premaydena were owner-occupied compared with 73.3% in 2016..
Premaydena has 108 properties. Over the last 5 years, Houses in Premaydena have seen a 75.84% increase in median value. As at 31 October 2024:
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