Country lifestyle investment for future development with existing income at $55 per acre upwards (approx.). Option of building a house subject to council approval, stock and domestic water supplied by G-MW, telephone and electricity wired but not connected. There are 2 entrances to the property from east to west which is suited to horses with no stones on the property. 32km (approx.) from Shepparton on mostly sealed roads, 13.2km (approx.) to Dookie. This is an opportunity not to be missed. A reluctant sale due to the owner retiring. A high and state bus is available and there is mail delivery from the Katandra West Store. Good coverage of healthy box trees, natural bird and wildlife and flora. A creek overlay runs through the property which is generally always watered naturally to harvest fresh water. There is an opportunity to build a large in-ground dam providing it meets G-MW regulations to irrigate vegetables, Lucerne or general stock feed. The investment lifestyle property is situated in between renowned fertile Dookie-Katandra hills farming area. The rich soil is mainly rolling red loam with no stones, suitable for growing cereals or pasture. Sheep and cattle grazing has been well maintained by a reputable existing farmer wishing to continue with a new owner. Magnificent future investment with income, future sub-division Subject to Council Approval with a relaxed country lifestyle. All offers considered.
The size of Katandra is approximately 50.8 square kilometres. The population of Katandra in 2011 was 745 people. By 2016 the population was 116 showing a population decline of 84.4% in the area during that time. The predominant age group in Katandra is 50-59 years. Households in Katandra are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Katandra work in a professional occupation. In 2011, 82.6% of the homes in Katandra were owner-occupied compared with 78.9% in 2016..
Katandra has 94 properties. Over the last 5 years, Houses in Katandra have seen a 77.24% increase in median value. As at 31 August 2024:
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