Not often do peoples wish lists get fulfilled, natural bush, good pastures, abundant fresh running water, approximately 61 acres, all in a sheltered location with a spacious, well appointed four or five bedroom weatherboard residence, town water and perfect for short commuting for family, schooling, recreational or professional life.
A mix of old world charm and modern upgrade renovations make this an appealing package at a reasonable and affordable price point. To have both the proximity to towns, being within 15 minutes of Devonport, Sheffield, Ulverstone or Latrobe, the sound water running in a permanent creek near the home, to be able to enjoy the best of both worlds, and also have such a sheltered location is a rare combination among the many properties with lifestyle and income earning potential available.
The weatherboard homestead features four or five bedrooms depending on family requirements, very spacious kitchen recently renovated and upgraded, dining and lounge living area also newly renovated, and made open plan to provide more usable space. The interior of the home has been repainted, and recently had new carpets laid. The home is one of those that is deceptively large and surprises upon entry with its spacious feel and storage capacity. Three of the five bedrooms have built in robes, the kitchen has a large walk in pantry room, the bathroom too is a generous size with separate bath and shower facilities.
The size of Paloona is approximately 7.9 square kilometres. It has 2 parks covering nearly 16.5% of total area. The population of Paloona in 2016 was 64 people. By 2021 the population was 84 showing a population growth of 31.2% in the area during that time. The predominant age group in Paloona is 10-19 years. Households in Paloona are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Paloona work in a labourer occupation.In 2021, 85.10% of the homes in Paloona were owner-occupied compared with 79.00% in 2016.
Paloona has 42 properties. Over the last 5 years, Houses in Paloona have seen a 91.80% increase in median value. As at 28 February 2026:
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