Lot 5 North East River Rd, Palana, TAS 7255 | Property Value & History | OnTheHouse
OFF MARKET

North East River Road
Palana TAS 7255

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 100900m2
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Last updated 10 Aug 2026
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Property Details for Lot 5 North East River Rd, Palana

Lot 5 North East River Rd, Palana is a 0 bedroom, 0 bathroom House. The property has a land size of 100900m2. While the property is not currently for sale or for rent, it was last sold in August 2023.

Building Type
House
Land Size
100900m2
Local Government
Flinders

Last Listing description (June 2026)

Nutrien Harcourts are pleased to present Lot 5 North East River Road, Palana, a 10.09ha (24.93 acre) parcel on the stunning Flinders Island.

With a gated entrance, recently cleared track and a cleared house site already in place, the groundwork has been done - allowing you to focus on designing your holiday retreat or dream coastal home (STCA).


Electricity is available for connection, making future development even more straightforward.

This property enjoys exceptional views across the North East River and out to the ocean, offering a peaceful natural backdrop that changes with the seasons.

The North East River estuary, is a unique and pristine waterway renowned for its abundance of scale fish and widely acknowledged as one of the finest fishing areas in the Furneaux Group. Whether you are an avid angler or simply appreciate living close to nature, this location delivers a truly exceptional lifestyle.

Located within walking distance of the estuary beach, this is an opportunity to secure a private slice of island paradise in one of Tasmania's most pristine environments.

Property History for Lot 5 North East River Rd, Palana, TAS 7255

A timeline of how this property has performed in the market
Last Sold
$150,000
02 Aug 2023
  • 17 Jun 2026
    Listed for Sale $180,000
  • 02 Aug 2023
    Sold for $150,000
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About Palana 7255

The size of Palana is approximately 45.9 square kilometres. There are 2 parks, covering nearly 6.5% of the total area. The population of Palana in 2016 was 21 people. By 2021 the population was 23 showing a population growth of 9.5% in the area during that time. The predominant age group in Palana is 80-89 years. Households in Palana are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Palana work in a professional occupation.In 2021, 69.20% of the homes in Palana were owner-occupied compared with 75.00% in 2016.

Palana has 63 properties. Over the last 5 years, Houses in Palana have seen a -31.59% decrease in median value. As at 31 July 2026:

  • The median value for Houses in Palana is $406,823.
There are currently 2 properties listed for sale, and no properties listed for rent in Palana on OnTheHouse. According to Cotality's data, no properties were sold in the past 12 months in Palana.

Suburb Insights for Palana 7255

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.