Situated in a rapidly growing and popular Northern Estate, this ready to build block has title and features an 18m frontage to make it very suitable to many house plans. The ability to have a 4m side access with many plan options will also be desirable for those who need parking space for a caravan/ large boat. No easements exists on this block for even more appeal with the ability to build extra shedding at the rear.
A great lifestyle opportunity with the Merri river on the border of the Estate, with surrounding parkland and Northpoint Shopping Center only a short drive away.
The size of Koroit is approximately 42 square kilometres. It has 2 parks covering nearly 0.6% of total area. The population of Koroit in 2011 was 1,957 people. By 2016 the population was 2,043 showing a population growth of 4.4% in the area during that time. The predominant age group in Koroit is 50-59 years. Households in Koroit are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Koroit work in a trades occupation. In 2011, 78% of the homes in Koroit were owner-occupied compared with 77.9% in 2016.
Koroit has 1,283 properties. Over the last 5 years, Houses in Koroit have seen a 61.86% increase in median value, while Units have seen a 35.49% increase. As at 31 October 2024:
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