Property Type: Freehold Land
Address: Welbungin, WA
Parcel Size: 2275 acres
Price: $1,020,000 AUD
Total acres 2275 with approximately 600 acres cleared. Predominately light soil types. Approximately 1675 acres planted to trees, this block is mainly suited to grazing. Scheme water is available at the boundary of the land and it is ready to use. No Infrastructure but buyer can build a single family house on the property.
For your reference, below is the 2019 farmland land value report provided by Rural Bank Australia. In WA, the average annual growth rate of farmland value is around 4%