South-west Victorian farm sales increasing: HTW

Rural sales activity is increasing in south-west Victoria, according to Herron Todd White’s latest report.

The activity is primarily small to medium size farms purchased by local farmers wishing to expand.

The property valuation firm says there is strong interest in grazing holdings suitable for sheep or beef cattle of between 100 and 175 hectares, as well as larger holdings up to 800 hectares.

“Agents report the enquiry for outpaddocks around Warrnambool is very strong, listings are down and agents’ real estate advertisements are now regularly including a list of wanted property for prospective purchasers,” the report advised.

“We are aware of a large dairy farm in the Mount Gambier district having just been purchased by a private New Zealand syndicate.

“An expression of interest marketing closing on 21 April 2017 for a well developed dairy farm of 160 hectares between Cobden and Simpson will provide a pointer to the current dairy farm market.” 

A rural cropping land at 35 Settlers Lane, Illowa (above) has been listed for $325,000.

Similarly a 20 hectare rural land at 135 Boiling Down Road, Warrnambool (below) has been listed for sale.