A fantastic opportunity to invest in an agricultural holding that has magnificent views over the Port of Geraldton and the Indian Ocean, as well as adjoining a special rural subdivision known as Moresby Heights. This property has sealed road access to schools and shopping centres within a short distance, and is only 10kms from the Geraldton Central Business District.
This 394.5 Ha property is located in a well-established rural area adjoining a rural-residential subdivision known as Moresby Heights on its western boundary. Lot 51 has bitumen access through Moresby Heights and lies approximately 10kms north east of the Geraldton Central Business District. Therefore, this significant land holding not only adjoins the City of Greater Geraldton and Moresby Heights subdivision, but is also only 5kms from the Waggrakine Primary School, 10kms from Senior High Schools, University facilities, the Port of Geraldton and all the opportunities provided by a major regional city.
Geraldton lies approximately 425kms north of Perth and is the only port facility between Fremantle and the Pilbara mining region. Its current population is in excess of 35,000 people and growing. Its growth in recent years has been attributed to the expansion in Mining which has taken over as this region s most valuable sector. It is closely supported by Agriculture, the Geraldton region producing over 12% of the Western Australian total turnover, and Fishing including the major Rock Lobster catch (approximately 40% of the State s catch.)
The size of Moresby is approximately 26 square kilometres. The population of Moresby in 2011 was 771 people. By 2016 the population was 855 showing a population growth of 10.9% in the area during that time. The predominant age group in Moresby is 40-49 years. Households in Moresby are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Moresby work in a trades occupation. In 2011, 88.6% of the homes in Moresby were owner-occupied compared with 88.6% in 2016.
Moresby has 458 properties. Over the last 5 years, Houses in Moresby have seen a 56.29% increase in median value. As at 31 October 2024:
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