Introduction
An excellent opportunity to acquire productive elevated grazing land located in the lower reaches of the Upper Murray region. The property benefits from a substantial grazing lease, with the majority of the land being mainly cleared. Additionally, the Bungil schoolhouse has been converted into a charming one-bedroom residence, offering versatile accommodation options.
Location
Land Description
This property comprises the remaining portion of strong hill grazing land, predominantly featuring native pastures, with some undulating and well-drained areas. Improved pastures have been established, and the land has historically supported beef cattle as well as ewe and lamb production.
Fencing and Paddocks
The property has been divided into six main paddocks, each equipped with reliable water access. The fencing is maintained to an excellent standard and includes wild dog exclusion measures to ensure the security of stock.
Bungil Schoolhouse
A notable feature of the property is the recently refurbished Bungil schoolhouse, now converted into a comfortable one-bedroom, one-bathroom cottage. This dwelling is ideal for a small family or as temporary accommodation while constructing a main residence.
Water Supply
Water availability on the property is both reliable and ample, sourced from multiple springs and catchment dams dispersed across the land. A high-quality bore connected to a storage tank provides gravity-fed water to the schoolhouse and surrounding areas.
Working Improvements
- Large open-front machinery shed for storage purposes
- Smaller secure shed
- Steel cattle yards equipped with a crush and loading ramp
- Fully equipped bore
- Electricity connection
- Septic system
- Electric fencing and associated equipment
Planning
The property is zoned under the Rural Activity Zone (RAZ), which facilitates the obtaining of permits for a dwelling. The relevant permitting authority is the Towong Shire Council.
Agents Remarks
This property represents some of the best hill country available in the area. The addition of the grazing lease and the predominantly cleared land make it a rare and highly advantageous offering.
The size of Thologolong is approximately 93.4 square kilometres. There are 3 parks, covering nearly 63.2% of the total area. The population of Thologolong in 2016 was 11 people. By 2021 the population was 22 showing a population growth of 100.0% in the area during that time. The predominant age group in Thologolong is 40-49 years. Households in Thologolong are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Thologolong work in a managers occupation.In 2021, 85.80% of the homes in Thologolong were owner-occupied compared with 42.90% in 2016.
Thologolong has 19 properties. Over the last 5 years, Houses in Thologolong have seen a 84.44% increase in median value. As at 31 May 2026:
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