Well situated, only 32 kilometres from central Ballarat don t let this opportunity pass you by. Zoned Rural Living Zone the land is elevated and cleared the land offers numerous potential home sites (S.T.C.A) with pleasant Northerly views over the adjoining Dereel Bushland Reserve. The property is mainly cleared with some bush at its rear (Northern) boundary and would make an astute land bank investment in an area of ever increasing popularity.
The size of Dereel is approximately 59.9 square kilometres. It has 1 park covering nearly 2.3% of total area. The population of Dereel in 2011 was 586 people. By 2016 the population was 536 showing a population decline of 8.5% in the area during that time. The predominant age group in Dereel is 50-59 years. Households in Dereel are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Dereel work in a professional occupation. In 2011, 90.2% of the homes in Dereel were owner-occupied compared with 91.1% in 2016..
Dereel has 517 properties. Over the last 5 years, Houses in Dereel have seen a 79.85% increase in median value. As at 31 October 2024:
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