1 Ward StreetKarumba QLD 4891
Property Details for Lot 1/1 Ward St, Karumba
Last Listing description (September 2023)
Savills are pleased to present the Freehold Going Concern of the Gone Fishin' Holiday Units, located at 1-3 Ward Street, Karumba QLD 4891, for sale by negotiation.
Karumba is a town located in the Gulf of Carpentaria with a base population of approximately 600 which swells in the "dry" season with approximately 100,000 tourists and semi-permanent residents visiting the region per year. This number has been increasing year-on-year due to the influence of the "in-vogue" self-drive tourism market. In recent years the town has developed in two sections, with the port / main town centre and the tourist centre (where the Sunset Tavern is located). The town's economy is driven by the well-known and lucrative commercial fishing industry as well as the pastoral industry. In addition to this, Karumba's economy is currently benefiting from New Century's zinc mining & exports via the port.
The Gone Fishin' Holiday Units occupies frontage to both Ward Street & Palmer Street on a 1,201sq m* corner site directly opposite the Sunset Tavern and Ash's at the Point Cafe. The assets facilities comprise of 11 well-appointed, air-conditioned & self-contained units, ample parking for cars, boats and trailers, a guest laundry facilities and a fish cleaning area.
*Approximately
Property History for Lot 1/1 Ward St, Karumba, QLD 4891
- 02 Apr 2023Listed for Sale $970,000 plus GST (Negotiable)
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0About Karumba 4891
The size of Karumba is approximately 136.9 square kilometres. It has 1 park covering nearly 0.3% of total area. The population of Karumba in 2016 was 531 people. By 2021 the population was 487 showing a population decline of 8.3% in the area during that time. The predominant age group in Karumba is 60-69 years. Households in Karumba are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Karumba work in a labourer occupation.In 2021, 58.90% of the homes in Karumba were owner-occupied compared with 57.40% in 2016.
Karumba has 410 properties. Over the last 5 years, Houses in Karumba have seen a 55.34% increase in median value, while Units have seen a -34.94% decrease. As at 31 December 2025:
- The median value for Houses in Karumba is $201,299 while the median value for Units is $345,797.
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