If you are looking to get away from it all, this is your opportunity. Situated 2.25 hours from Melbourne via the Calder Highway, it is still within the parameters of a weekender with an easy drive.
This early century 1900s house sits on a mainly cleared 9 acres of grazing land with a variety of established gum trees. The house will make a great project for the handyperson. It has been unoccupied for some time, however has potential to bring back to life and have your own little house on the prairie.
Situated only 200 metres from the bitumen road, it is easy access in all weather conditions. There is good fencing around the boundary and a very large dam with ample water for animals. It has been suitable for viticulture, orchards and of course grazing.
Rheola is 55km west of Bendigo and midway between Dunolly and Wedderburn. It situated in the Golden Triangle of the Central Victorian Goldfields. This property is well worth to trip to Rheola to see what you could create.
The size of Rheola is approximately 34.8 square kilometres. There are 2 parks, covering nearly 3.5% of the total area. The population of Rheola in 2016 was 56 people. By 2021 the population was 52 showing a population decline of 7.1% in the area during that time. The predominant age group in Rheola is 50-59 years. Households in Rheola are primarily childless couples and are likely to be repaying $450 - $599 per month on mortgage repayments. In general, people in Rheola work in a clerical occupation.In 2021, 86.40% of the homes in Rheola were owner-occupied compared with 108.70% in 2016.
Rheola has 60 properties. Over the last 5 years, Houses in Rheola have seen a 12.59% increase in median value. As at 30 June 2026:
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