***SOLD BY JURGEN OLLWITZ***
29.8HA (approx 74 acres) tucked away in the upper reaches of the fertile Nangkita Valley is this amazing property which the current owner calls Paradise . It contains a most interesting variation of landscape from some marshy wetlands which collectively generate a permanent spring fed creek + 3 spring fed dams approx 34 acres of grazing land and approximately 15 acres of remnant bushland.
To complement the ambiance of the property is a 25 acre olive grove which is well established and capable of producing a secondary income. The olive grove is approximately 11 years old and on a fully automated irrigation system via a bore. The grove comprises of approximately 6 varieties, being Frantoio, Leccino, Manzanillo, Pendolino and both Kalamata and Jumbo Kalamata. The grove is very consistent, pruned for mechanical harvesting, fully fenced and quickly approaching full production. It is currently being managed by an outside source leaving the owner without maintenance or day to day operational work.
The size of Nangkita is approximately 31.8 square kilometres. There are 4 parks, covering nearly 8.6% of the total area. The population of Nangkita in 2016 was 204 people. By 2021 the population was 242 showing a population growth of 18.6% in the area during that time. The predominant age group in Nangkita is 60-69 years. Households in Nangkita are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nangkita work in a trades occupation.In 2021, 83.20% of the homes in Nangkita were owner-occupied compared with 82.90% in 2016.
Nangkita has 119 properties. Over the last 5 years, Houses in Nangkita have seen a 84.82% increase in median value. As at 31 July 2026:
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