Lifestyle plus income
Only a few minutes drive from the magnificent beaches of Waratah Bay, Sandy Point & Wilson's Promontory in a scenic rural location this 11318m2 block zoned rural living offers a unique opportunity. With planning & building permits in place for a residence plus 3 tourist cabins designed to be environmentally friendly & enjoying stunning views. The price is for the property as is, or the owner will negotiate a finished price for the project. In a tourist growth area just 2 hours from Melbourne this is an outstanding opportunity to secure your future.
The size of Foster is approximately 116.3 square kilometres. It has 7 parks covering nearly 1.3% of total area. The population of Foster in 2011 was 1,678 people. By 2016 the population was 1,868 showing a population growth of 11.3% in the area during that time. The predominant age group in Foster is 60-69 years. Households in Foster are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Foster work in a managers occupation. In 2011, 74.1% of the homes in Foster were owner-occupied compared with 73.1% in 2016.
Foster has 1,491 properties. Over the last 5 years, Houses in Foster have seen a 55.92% increase in median value, while Units have seen a 59.44% increase. As at 31 October 2024:
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