This well-balanced farming property offers over 300 acres of excellent grazing on creek flats, with long frontage to the Merton Creek, rising to the property's undulating hill country. Comprised of approx. 274 acres of freehold and 17 acres of leasehold country, the property has been sown with lucerne, clover and rye. Banool will suit a broad range of agricultural and lifestyle pursuits within this sought after and very popular North Eastern Victorian region. Improvements to the property include 3 stand shearing shed, machinery shed, hay shed, solid yarding, crush, ramps, 6 dams, 8 fully fenced paddocks with excellent water to all. A variety of excellent home sites provides new owners with the perfect opportunity to create their own magnificent lifestyle environment within this beautiful and substantial farm and enterprise. Offering very good highway access, nearby to Lake Eildon, en-route to vibrant Mansfield, the Mt Buller snowfields and Victoria's legendary High Country, Banool is a comfortable 2 hour drive into Melbourne. Sales Team
The size of Merton is approximately 119.6 square kilometres. There is 1 park, covering nearly 0.2% of the total area. The population of Merton in 2016 was 190 people. By 2021 the population was 216 showing a population growth of 13.7% in the area during that time. The predominant age group in Merton is 60-69 years. Households in Merton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Merton work in a managers occupation.In 2021, 87.90% of the homes in Merton were owner-occupied compared with 91.20% in 2016.
Merton has 249 properties. Over the last 5 years, Houses in Merton have seen a 59.08% increase in median value. As at 30 June 2026:
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