South Australian rural sales greater than 1,000 hectares accounts for just 3 percent of activity
Regional South Australia had 6,550 residential house and agricultural sales over the year to November 2016, around the same as in 2015, according to Landmark Harcourts’ latest Benchmark Report (bit.ly/LHBenchmark).
The value of these sales fell slightly, down -0.9 percent to $2.3 billion over the same period.
Looking at how many of these sales were for residential properties, they accounted for 74.5 percent of all sales and 58.8 percent of the total value of sales.
Agricultural property sales accounted for 25.5 percent of all transactions across regional South Australia, with 1,669 transactions over the 12 months to November 2016, increasing by 0.7 percent, or 11 sales, when compared to the 12 months to November 2015.
“If we look at land sizes, just over half of these sales were on lots of less than 40 hectares (53.7 percent), followed by 100 to 1,000 hectares (28.0 percent) and 40 to 100 hectares (15.2 percent),” the report stated.
Land sizes greater than 1,000 hectares accounted for just 3 percent of sales.
The value of agricultural transactions increased to $934.2 million, up 1.7 percent over the year to November 2016.
Properties on land ranging from 100 to 1,000 hectares accounted for 43.9 percent of the total value of sales, while lots on less than 40 hectares made up 33.9 percent of the total value.
Lots between 40 to 100 hectares accounted for 13.4% of total value, while lots greater than 1,000 accounted for 8.8 percent.
A 19 acre rural farm property at 15 McLeod Lane, Whites Flat (above) has been listed for $360,000.
Similarly a 100 acre rural property at 414 Pound Road, Macclesfield (below) has been listed for between $700,000 to $770,000.
A 9 acre rural property at 1474 Mallala Road, Korunye (below) has been recently sold for $250,000.
Similarly a 1284 acre mixed farming property at Martins Camp Road, Keith (below) was recently sold for $1.31 million
