Demand for Central Tablelands rural properties remains strong: HTW rural

Demand for Central Tablelands rural properties remains strong: HTW rural
Demand for Central Tablelands rural properties remains strong: HTW rural

Demand for rural properties remains reasonably strong in Central Tablelands at present, according to the latest Herron Todd White (HTW) rural report.

The report suggests there is a broad enough cache of buyer types, with their different needs and intentions for acquiring property, to support this demand.

"In our conversations with landholders and potential buyers of properties that are for sale, we learned of a number of varying philosophies about purchasing property in times of drought," says the valuation firm.

The number of properties being offered to the market has eased throughout 2018 and 2019, due in part to the extended dry seasonal conditions. As a result, sales volumes have eased.

"This trend of tightened supply is a continuation of what was seen throughout the past three months and throughout 2018," says the report.

"This tighter supply and limited stock available, in the face of reasonably strong demand, may uphold value levels somewhat."

Belona, a 237 hectare rural property in Manildra is on the market with a price guide of $470,000 (pictured above).

Located at 671 Bocobra Road, it is mixed of open grazing country and bush.

Other features include five dams and creek with holes, grey loam soils, and timber including yellowbox, ironbark and pine.

Tags: 
Rural Property Central Tablelands

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