SOLD
Sold on 25 Jun 2024 for $550,000

69 Olivia Terrace
Carnarvon WA 6701

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 72m2
Land area: 906m2
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Property Details for 69 Olivia Tce, Carnarvon

Building Type
Land
Year Built
1960
Floor Size
72m2
Land Size
906m2
Local Government
Carnarvon
Lot/Plan
1324/P219735

Last Listing description (August 2021)

69 Olivia Terrace comprises a vacant commercial lot of 906sqm overlooking the Carvarvon Fascine and affords the successful buyer an opportunity to acquire and develop a prime waterfront commercial/tourism development site in Carnarvon.

The land is zoned Commercial affording multiple development opportunities.

Carnarvon's unique location, seated on the edge of the Gascoyne River Delta approximately 904 km north of Perth, makes it a tropical oasis in an otherwise arid landscape.

Paradoxically, Carnarvon has a fertile and thriving horticultural district that supplies the majority of Perth's fruit and vegetables during the winter months.

Carnarvon has long been recognised for its unique small and sweet banana but that reputation is widening with an extensive range of subtropical fruit and temperate climate vegetables grown on the plantations lining the Gascoyne River.

The Gascoyne River is one of Australia's ephemeral rivers, flowing only when cyclones have dropped their rain up to 500 km inland. The township is on one of the delta inlets and centred on the picturesque Fascine.

A thriving prawn, scallop, crab and fishing industry also operates from Carnarvon. During the months of May to October freshly caught seafood can be purchased directly from the factories.

Renowned for its wonderful climate Carnarvon's average maximum summer temperature (December to February) is 32 degrees with a winter (June to August) average maximum temperature of 22 degrees.

The Shire of Carnarvon is home to a multi-cultural demographic recording 6139 residents in 2013 with a 5-year growth rate of 0.6%.

Boasting a variety of education, medical, and recreation facilities, individual and family needs are well catered for.

The annual average visitation to the Gascoyne for 2015, 2016 & 2017 was 341,400 visitors.

For the Y/E June 2018 Gascoyne visitor spend was $359 million.

The Gascoyne, in the North West of Western Australia, captures more than 600km of Indian Ocean coastline and stretches about 500km inland. The coastal area incorporates internationally recognised features such as the Ningaloo Coast and Shark Bay World Heritage Areas, Monkey Mia, and Coral Bay. The hinterland includes the outstanding features of the Kennedy Ranges and Mount Augustus.

Expressions of Interest
Closing Thursday, 31 October 2019 at 5pm (AWST)

For further information or to arrange an inspection contact:

Phil Zoiti
Ray White Commercial (WA)
M: 0419 993 656
E: phil.zoiti@raywhite.com

Brett Wilkins
Ray White Commercial (WA)
M: 0478 611 168
E: brett.wilkins@raywhite.com

Ted Schultz
Ray White Carnarvon
M: 0417 173 387
E: ted.schultz@raywhite.com

Property History for 69 Olivia Tce, Carnarvon, WA 6701

A timeline of how this property has performed in the market
Last Sold
$550,000
25 Jun 2024
  • 25 Jun 2024
    Sold for $550,000
  • 17 Sep 2021
    Sold for $264,000
  • 18 Sep 2019
    Listed for Sale Not Disclosed

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About Carnarvon 6701

The size of Carnarvon is approximately 4.9 square kilometres. It has 4 parks covering nearly 2.9% of total area. The population of Carnarvon in 2011 was 224 people. By 2016 the population was 204 showing a population decline of 8.9% in the area during that time. The predominant age group in Carnarvon is 50-59 years. Households in Carnarvon are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Carnarvon work in a trades occupation. In 2011, 64.2% of the homes in Carnarvon were owner-occupied compared with 56.4% in 2016.

Carnarvon has 246 properties. Over the last 5 years, Houses in Carnarvon have seen a 60.03% increase in median value, while Units have seen a 28.94% increase. As at 31 October 2024:

  • The median value for Houses in Carnarvon is $295,272 while the median value for Units is $190,130.
  • Units have a median rent of $220.
There are currently 5 properties listed for sale, and 3 properties listed for rent in Carnarvon on OnTheHouse. According to CoreLogic's data, 7 properties were sold in the past 12 months in Carnarvon.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.