261 Ringarooma RoadRingarooma TAS 7263
Property Details for 261 Ringarooma Rd, Ringarooma
Last Listing description (November 2023)
Delightful 110ha (272ac) blue ribbon property nestled in the Ledgerwood/Ringarooma valley.
The gently undulating red basalt land is very appealing with access to the Ringarooma River and the local irrigation scheme.
The 214.6 ML licensed water is dispersed through underground mains with an electric pump.
With the current upsurge in the dairy and vegetables industries, this property would be ideal, as the majority of the land would be considered fresh from a potato point of view and dairy support land is in short supply as well.
The Ringarooma/Ledgerwood district has a very reliable rainfall which is translated to very good summer pasture growth.
The valley is in close proximity to the vibrant townships of Scottsdale and Bridport.
Property History for 261 Ringarooma Rd, Ringarooma, TAS 7263
- 14 Sep 2023Sold for $4,292,480
- 01 Aug 2023Listed for Sale Not Disclosed
- 07 May 2015Listed for Rent $190 / week
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About Ringarooma 7263
The size of Ringarooma is approximately 207.7 square kilometres. It has 10 parks covering nearly 143.8% of total area. The population of Ringarooma in 2011 was 480 people. By 2016 the population was 356 showing a population decline of 25.8% in the area during that time. The predominant age group in Ringarooma is 60-69 years. Households in Ringarooma are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ringarooma work in a managers occupation. In 2011, 74.1% of the homes in Ringarooma were owner-occupied compared with 67.9% in 2016.
Ringarooma has 233 properties. Over the last 5 years, Houses in Ringarooma have seen a 61.22% increase in median value, while Units have seen a 56.53% increase. As at 31 October 2024:
- The median value for Houses in Ringarooma is $524,135 while the median value for Units is $291,681.
- Houses have a median rent of $200.
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