As we head into spring there are no signs of the rural property market slowing down, the enquiry for farms is at an unprecedented level. Which, to be honest is a little surprising with all the compliance issues, that are being put on farmers going forward.
There is strong demand for hill country land by all different sectors, with farming clearly being the number one sector enquiring now.
With any industry it is all about supply and demand and this couldn’t be more true in the real estate sector, as can be seen in the local residential market there is a shortage of houses and a strong buying demand is helping drive that market.
This brings me to the point of how there is a shortage of good quality stock in the rural hill country market, with strong buyer enquiry and very favourable interest rates (for borrowing). This could well be the time to think about bringing your property to the market.
One big stumbling block we come about is “what will I do if I sell”, normally I would answer the “world is your oyster” now with COVID19 that probably could not be further from the truth.
So in this current climate selling the farm and heading around the world for a long overdue OE are definitely off the cards for the foreseeable future. Locally there are still plenty of options to sink your teeth into for the next chapter of life and probably never look back.
If you would like to discuss any of the above, whether now is the right time to sell or what is out there if you did sell and enter the next chapter of life, please feel free to get in touch for an absolutely no obligation, confidential discussion.
Farm Sale Stats for the region
Farms over 150ha
April – July 2020
5 sales average price per ha $8,570
April – July 2015
3 sales average price per ha $6,140
April – July 2010
9 sales average price per ha $4,460
Thinking Rural Real estate, buying or selling? Tom has you covered, marketing all types of rural land, large and small.
