Slower winter property sales across NSW North West Plains

Slower winter property sales across NSW North West Plains
Slower winter property sales across NSW North West Plains

Slower winter property sales are being felt across the NSW Northern Tablelands/North West Slopes and Plains however buyers are still out there, according to a recent report by Herron Todd White.

HTW said high rainfall productive grazing country is still in demand due to the reliability however buyers are wary of overpriced properties and are conscious that the rural market may be nearing its peak.

"Whilst it was expected to be a colder winter, above average temperatures for this time of year have led to a milder winter and rain throughout June aided in some late pasture growth and fodder crop development," HTW said.

"Rural sales across the region have slowed which is typical for this time of year with a lack of listings also a contributing factor however there are still buyers in the market.

"High rainfall productive grazing country is still in demand due to the reliability however buyers are wary of overpriced properties and are conscious that the rural market may be nearing its peak.

"Recent livestock sales were slightly down on average with lower numbers yarded. Landholders appear to be able to hold off selling over the winter period and finish cattle and lambs on fodder crops due to the milder winter however have been reluctant to restock with numbers also down on average." 

Coocoobonah, (above) 12 km from Gunnedah on the Oxley Highway at 92 Barlow Road is on the market for $3 million.

The property has six sheds of varying sizes and centrally located steel cattle yards with crush and ramp in excellent condition.

The property at 156 Stevenson Road Gunnedah is on the market for $735,000 (below).

Slower winter property sales across NSW North West Plains

Positioned on a 100 acre block with 2 dams, double garage and steel machinery shed, steel stock yards, chook yard, enclosed vegetable garden and the property is divided into 6 paddocks all fully fenced and all with water.

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Rural Property Gunnedah

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