An amazing and unusual opportunity exists for the potential buyer looking for a 7 ha block to build on whilst having access to approximately 138 ha of paperbark forest and wetland stretching out to the Rocky Mouth Creek.
138 ha of the land is protected under a Biobank agreement started in May 2019. The agreement offers an annual income for the maintenance of the protected land averaging $8,000 per year or $155 per week.
Maintenance requirements for the biobank agreement include:
The 7 ha block is accessed from the Crown Road at the very south end and is located at the highest part of the property. It has been semi-cleared with a new steel post fence separating the biobanked area with the remaining land. This elevated area would make a perfect spot for an off the grid home to take advantage of the peaceful surrounds.
The size of New Italy is approximately 61.7 square kilometres. There are 2 parks, covering nearly 0.1% of the total area. The population of New Italy in 2016 was 187 people. By 2021 the population was 249 showing a population growth of 33.2% in the area during that time. The predominant age group in New Italy is 50-59 years. Households in New Italy are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in New Italy work in a managers occupation.In 2021, 87.20% of the homes in New Italy were owner-occupied compared with 86.90% in 2016.
New Italy has 164 properties. Over the last 5 years, Houses in New Italy have seen a 34.51% increase in median value. As at 31 August 2026:
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