OFF MARKET

1000 Reekara Road
Reekara TAS 7256

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1090000m2
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Property Details for 1000 Reekara Rd, Reekara

Building Type
Land
Land Size
1090000m2
Local Government
King Island

Last Listing description (September 2016)

This is significant native bushland which was seriously impacted by wild fire in 2012. With Department of Parks and Wildlife on three boundaries, this block is placed to preserve the natural bushland and floral and fauna species native to the island. There has been a conservation covenant placed over around 50% of the property which allows opportunity to develop sufficient area to develop for residential purpose should that be in consideration. Parks & Wildlife land comprises a significant part of the North East of the island running through to the east coast and south to the Sea Elephant River and beyond. There is currently no legal access to the property but if that could be obtained off Reekara Road this would make a great opportunity to preserve and enjoy a unique environment. Otherwise, look to be part of a growing environmental trend where private property is being bought up and covenanted in full to preserve unique areas of the island's natural wonderland

Property History for 1000 Reekara Rd, Reekara, TAS 7256

A timeline of how this property has performed in the market
  • 01 Jul 2016
    Listed for Sale $42,500
  • 08 Apr 2016
    Listed for Sale PRICE ON APPLICATION

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About Reekara 7256

The size of Reekara is approximately 95.5 square kilometres. It has 3 parks covering nearly 29.2% of total area. The population of Reekara in 2011 was 1,091 people. By 2016 the population was 20 showing a population decline of 98.2% in the area during that time. The predominant age group in Reekara is 50-59 years. Households in Reekara are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Reekara work in a managers occupation. In 2011, 59.1% of the homes in Reekara were owner-occupied compared with 91% in 2016..

Reekara has 25 properties. Over the last 5 years, Houses in Reekara have seen a 36.67% increase in median value. As at 30 September 2024:

  • The median value for Houses in Reekara is $343,160.
There are currently 1 property listed for sale, and no properties listed for rent in Reekara on OnTheHouse. According to CoreLogic's data, no properties were sold in the past 12 months in Reekara.

Suburb Insights for Reekara 7256

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.