Here is your opportunity to purchase some of the best coastal real estate Lakes Entrance, Lake Bunga and East Gippsland has on offer! A magnificent vacant allotment ready and waiting for you to build your new dream home!
With uninterrupted Bass Strait ocean and 90 Mile Beach coastal views, this vacant building allotment also has easy walking access to the Surf Beach and Lake Bunga Beach estuary.
At just over a quarter of an acre 1118m2 in size and situated within one of the newest estates in the district this allotment includes all town services and planning permit obtained by the current owner.
The size of Lake Bunga is approximately 2 square kilometres. It has 1 park covering nearly 2.3% of total area. The population of Lake Bunga in 2011 was 451 people. By 2016 the population was 310 showing a population decline of 31.3% in the area during that time. The predominant age group in Lake Bunga is 60-69 years. Households in Lake Bunga are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lake Bunga work in a professional occupation. In 2011, 78.3% of the homes in Lake Bunga were owner-occupied compared with 84.6% in 2016.
Lake Bunga has 340 properties. Over the last 5 years, Houses in Lake Bunga have seen a 71.86% increase in median value, while Units have seen a 81.94% increase. As at 31 October 2024:
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