A well-developed and productive horticultural property located 12.5 kilometres (approx.) south of the Sturt Highway near Moorook in South Australia s Riverland region.
This attractive property occupies a prime position overlooking the Murray River and comprises a total land area of 131 hectares (approx.) on 5 Titles.
The property is split into two main parcels, a 41 hectare (approx.) parcel comprising a mature almond and citrus orchard and plantable land, and a 90 hectare (approx.) parcel of broadacre irrigation land currently used for vegetable production under centre pivot irrigators.
The size of New Residence is approximately 14.7 square kilometres. The population of New Residence in 2016 was 79 people. By 2021 the population was 95 showing a population growth of 20.2% in the area during that time. The predominant age group in New Residence is 50-59 years. Households in New Residence are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in New Residence work in a managers occupation.In 2021, 70.00% of the homes in New Residence were owner-occupied compared with 62.00% in 2016.
New Residence has 71 properties. Over the last 5 years, Houses in New Residence have seen a 30.02% increase in median value. As at 30 June 2026:
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