OFF MARKET

45 Curdie Street
Cobden VIC 3266

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 1542m2
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Property Details for 45 Curdie St, Cobden

45 Curdie St, Cobden is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 1542m2. While the property is not currently for sale or for rent, it was last sold in August 2021.

Building Type
House
Land Size
1542m2
Local Government
Corangamite
Lot/Plan
1/TP104516

Last Listing description (March 2019)

The Victorian dairy industry is seeing a strong recovery in returns and profitability after the long period of below average rainfall seasons and pressure on dairy farm product and input prices due to exchange rates.
As highlighted in the annual dairy industry survey in the Dairy Industry Farm Monitor Project (DIFMP) implemented by the Department of Primary Industries, well managed dairy farms are making good returns taking account of the inputs of family members. The
DIFMP reported that in 2010/2011, the average 'return on assets recovered (similarly), rising from 2.2% last year to 6.2%'.

'The top 25 percent of producers showed the strength of well run dairy farms, recording profitability levels well above the average. The average earnings before interest and tax on these farms was $2.31 per kilogram of milk solids, $2,260 per hectare; and a return on assets of 9.5 % excluding capital appreciation'.
The dairy farm market is quiet at the moment being over-shadowed by a number of low performing farms that have been forced on to the market.
There are also a number of well located, good quality and profitable dairy properties available for sale through David Steel First National Real Estate carrying from 280 to 850 cows.
These create opportunities for dairy farm families or investors to purchase businesses which will continue to produce good returns with minimal or no additional investment.
In most cases, the existing employed staff could be interested in continuing to assist new owners and different management and supervision options are available to support outside owners. All have updated modern milking systems with some of these farms having significant irrigation resources and equipment to complement reliable annual rainfall.
These farms are only on the market as the owners wish to retire or allow family members to pursue other interests. There could be opportunities to consider different purchasing strategies.

Property History for 45 Curdie St, Cobden, VIC 3266

A timeline of how this property has performed in the market
Last Sold
$300,000
12 Aug 2021
Listed for Rent
$265/w
15 Dec 2012
  • 12 Aug 2021
    Sold for $300,000
  • 20 Feb 2020
    Transferred
  • 22 Feb 2019
    Sold for $236,000
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About Cobden 3266

The size of Cobden is approximately 76.4 square kilometres. It has 7 parks covering nearly 2% of total area. The population of Cobden in 2011 was 1,822 people. By 2016 the population was 1,845 showing a population growth of 1.3% in the area during that time. The predominant age group in Cobden is 50-59 years. Households in Cobden are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cobden work in a labourer occupation. In 2011, 74.4% of the homes in Cobden were owner-occupied compared with 74% in 2016.

Cobden has 1,075 properties.

    There are currently 16 properties listed for sale, and no properties listed for rent in Cobden on OnTheHouse. According to CoreLogic's data, 55 properties were sold in the past 12 months in Cobden.

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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.