This perfectly positioned Mountain Bay property is only minutes to the lake's edge. Offering excellent holiday letting returns during winter and plenty of potential for the summer months, makes for a great investment property or enjoy as your very own permanent residence. Well maintained 3 bedroom, 2 bathroom home on just over 2 acres with Lake Eildon views.
Additional features include;
The size of Mountain Bay is approximately 9.6 square kilometres. It has 1 park covering nearly 2.4% of total area. The population of Mountain Bay in 2011 was 382 people. By 2016 the population was 42 showing a population decline of 89.0% in the area during that time. The predominant age group in Mountain Bay is 60-69 years. Households in Mountain Bay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mountain Bay work in a clerical occupation. In 2011, 84.6% of the homes in Mountain Bay were owner-occupied compared with 135.7% in 2016..
Mountain Bay has 76 properties. Over the last 5 years, Houses in Mountain Bay have seen a 109.65% increase in median value, while Units have seen a 58.47% increase. As at 31 October 2024:
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