Ideal development site in Malaga.
Land is becoming quite scarce in Malaga especially on prominent roads such as Mulgul Road. That is why DPM Corporate are glad to have this listing as it is an ideal development site in a location that is rapidly being absorbed. This particular parcel of land is a level cleared block and is situated next to the modern and recently developed EIW Electrical wholesalers building. Additional features are as follows:
- Approximately 3,250sqm in land area
The size of Malaga is approximately 6.6 square kilometres. It has 7 parks covering nearly 8.1% of total area. The population of Malaga in 2011 was 15 people. By 2016 the population was 3 showing a population decline of 80.0% in the area during that time. The predominant age group in Malaga is 50-59 years. Households in Malaga are primarily couples with children and are likely to be repaying $1800 - $2000 per month on mortgage repayments. In general, people in Malaga work in a trades occupation..
Malaga has 2,952 properties. Over the last 5 years, Houses in Malaga have seen a 116.53% increase in median value, while Units have seen a 102.24% increase. As at 31 October 2024:
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