With ownership having been held in the same family for approximately 40 years, this property presents an outstanding opportunity to purchase a well located and sizeable rural holding all sown to permanent pasture situated 2 kilometres North of the freeway. This flat to gently rising 167 acres (67.6 hectares), including 10 acres leased Crown land of good quality country in the picturesque and respected Labertouche district has been fenced into 19 main paddocks accessed via central main laneway. One main stand of trees of approximately 11 acres forms a very light brush / bush setting. Improvements comprise disused brick dairy (power connected), steel stockyards complete with loading race and steel crush, 4 bay 16 x 7m three sided steel hayshed and older style timber machinery shed. An underground bore provides for stock water with concrete troughs in all paddocks. The property is afforded with several home sites where panoramic views are obtained with a picturesque aspect to Bunyip State Forest. Priced to represent current market value, this 167 acre holding is an ideal rural investment.
The size of Labertouche is approximately 64.1 square kilometres. It has 2 parks covering nearly 7.9% of total area. The population of Labertouche in 2011 was 535 people. By 2016 the population was 363 showing a population decline of 32.1% in the area during that time. The predominant age group in Labertouche is 50-59 years. Households in Labertouche are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Labertouche work in a managers occupation. In 2011, 76.5% of the homes in Labertouche were owner-occupied compared with 85.1% in 2016..
Labertouche has 181 properties. Over the last 5 years, Houses in Labertouche have seen a 62.22% increase in median value, while Units have seen a 237.90% increase. As at 31 October 2024:
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