Rare opportunity to purchase a small farm holding in the Belka Valley's tightly held Korbel locality. Two farm parcels presented to the market for the sale and owned by current vendors since 1990.
'Duracks' Lots 25653, 11437 & 24872 with total land area of 422.06938 Ha (1042.95 Ac), frontage to sealed bitumen Korbrelkulling Road with passing school bus. Beautifully presented brick and iron homestead of 3 bedrooms, 1 bathroom, office, country kitchen, formal lounge, living room, single garage with additional workers shower/toilet and laundry. Separate guest accommodation outbuilding or games room. Twin solar PV systems, ducted evaporative air conditioning, two reverse cycle split system A/C units and two slow combustion wood fires. Wide verandas, rainwater tanks, fruit trees and neat gardens/yards. Infrastructure of three machinery sheds, combination workshop/3 stand shearing shed, attached sheep yards, selection of silos, small cattle yard, chook yard and old pig sheds. Fenced into five paddocks plus house and sheds yard area. Water via two scheme water meters and two dams. Mostly quality medium loams with gentle undulation to South.
The size of Korbel is approximately 341.2 square kilometres. There is 1 park, covering nearly 0.3% of the total area. The population of Korbel in 2016 was 50 people. By 2021 the population was 59 showing a population growth of 18.0% in the area during that time. The predominant age group in Korbel is 70-79 years. Households in Korbel are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Korbel work in a managers occupation.In 2021, 68.00% of the homes in Korbel were owner-occupied compared with 61.10% in 2016.
Korbel has 152 properties. Over the last 5 years, Houses in Korbel have seen a 67.62% increase in median value. As at 30 April 2026:
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