114/1 Sitzmark StreetFalls Creek VIC 3699
Property Details for 114/1 Sitzmark St, Falls Creek
114/1 Sitzmark St, Falls Creek is a 1 bedroom, 1 bathroom Unit and was built in 1971.
Last Listing description (May 2023)
Cozy double bed studio in well-managed, centrally situated complex, complete with in-house restaurant on the ground floor. True ski-in ski-out access and located at a point in the Village from where you can ski down either to the International Poma/Gully Chairlift or to Halleys Comet.
The management agreement allows for variation with prior notice to enable the owner to live in the complex or rent it out via in-house management.
There are still 26 years to run on the renewable head-lease and body corporate charges include electricity. Average nett return for last 5 years $3940 per annum giving a return of around 7.1% clear.
Property History for 114/1 Sitzmark St, Falls Creek, VIC 3699
- 02 May 2019Listed for Sale Contact Agent
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0About Falls Creek 3699
The size of Falls Creek is approximately 173.8 square kilometres. It has 5 parks covering nearly 111.5% of total area. The population of Falls Creek in 2016 was 293 people. By 2021 the population was 326 showing a population growth of 11.3% in the area during that time. The predominant age group in Falls Creek is 20-29 years. Households in Falls Creek are primarily single parents and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Falls Creek work in a managers occupation.In 2021, 51.60% of the homes in Falls Creek were owner-occupied compared with 49.00% in 2016.
Falls Creek has 648 properties. Over the last 5 years, Units in Falls Creek have seen a 83.82% increase in median value. As at 31 December 2025:
- The median value for Units in Falls Creek is $661,260.
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