Some Queensland rural sales circumventing agents: HTW

Some Queensland rural sales circumventing agents: HTW
Some Queensland rural sales circumventing agents: HTW

Some rural property listings in Queensland are being initiated by a lot of door knocking, not always by agents say Herron Todd White.

This additional demand to find an asset at this high point in the market cycle suggests some caution and one hopes that proper due diligence is being considered in these buying decisions.

"Access to water is a key comment this month with the latest Queensland allocations release," HTW said.

"Roger Hill has provided a high level overview on this market relative to the previous three rounds and proves interesting reading.

"The access to, use of and reliability of water continues to be a strong driver for land sales where higher value crops or permanent plantings are replacing traditional land use.

"There is still capital for such new developments but nding the right combinations of land, water, region and supporting infrastructure is proving a challenge for this capital.

"Fingers are crossed for some good spring rains to lead into a better summer season for all broad acre industries and hopefully the continuing of positive on farm returns can be seen again in 2017/18."

Valley View, 372 Goombungee-Meringandan Rd Goombungee, Qld, is on the market with interest above $799,000.

The property features extensive fencing to suit horses including day paddocks and shelters as well as cattle yards with loading ramp, race and small round yard. 

Tags: 
Queensland Rural Property

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