One would be hard pressed to find a more impressive property than this, an unbelievable location combined with huge potential. 151 hectares or 373 acres of the highest quality grazing capable of carrying in excess of 100 breeding cows. Shelter belts and areas of tall timber give the property an almost a manicured look. There is over 100 megalitres of irrigation water stored on the property which could be used for horticultural development. The water has previously been sold off the property. The most magnificent views are afforded from all areas on the farm over Norfolk Bay, Frederick Henry Bay, Prices Bay, and Cascades Bay to name a few. The property is on 5 titles with long frontages onto Nubeena and Saltwater River Roads. Some titles contain a number of lots that may increase its development potential.
The size of Premaydena is approximately 18.4 square kilometres. It has 6 parks covering nearly 2.8% of total area. The population of Premaydena in 2016 was 99 people. By 2021 the population was 139 showing a population growth of 40.4% in the area during that time. The predominant age group in Premaydena is 60-69 years. Households in Premaydena are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Premaydena work in a managers occupation.In 2021, 81.20% of the homes in Premaydena were owner-occupied compared with 73.30% in 2016.
Premaydena has 107 properties. Over the last 5 years, Houses in Premaydena have seen a 50.57% increase in median value. As at 31 December 2025:
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