Subiaco was settled by the Bourne family in 1897. It is situated in the very reliable Bool Lagoon district being 30 kilometres south-west of Naracoorte. The name 'Subiaco' came from Western Australia in the late 1800s where Mr John Bourne ran a boarding house with his wife. After a time, they returned to South Australia. 'The gentleman who purchased the Bool Lagoon property was unable to raise the money on Settlement Day, so John Bourne, who was the losing bidder, was able to purchase the property'. In 1897 he became the owner and named the property 'Subiaco'.
Subiaco has been in the Bourne family for 129 years. Three generations of Bournes have farmed the blue-ribbon property and raised their families. Initially, the main enterprise was wool growing and breeding their own large-framed merino flock. More recently, the focus moved to a prime lamb breeding program on Subiaco. Their premium breeding lambs were sold and sought after consistently at Naracoorte's annual First Cross Ewe Lamb feature sale.
The size of Bool Lagoon is approximately 154.0 square kilometres. There are 4 parks, covering nearly 23.9% of the total area. The population of Bool Lagoon in 2016 was 42 people. By 2021 the population was 42 showing a stable population in the area during that time. The predominant age group in Bool Lagoon is 0-9 years. Households in Bool Lagoon are primarily single parents and are likely to be repaying not stated per month on mortgage repayments. In general, people in Bool Lagoon work in a managers occupation.In 2021, 77.80% of the homes in Bool Lagoon were owner-occupied compared with 61.60% in 2016.
Bool Lagoon has 70 properties. As at 30 September 2026:
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