Elders Estates

It is pleasing to see that as we publish this edition of Estates Magazine, seasonal conditions have begun to improve in most of Southern Australia. Whilst rain is still needed for winter crops to reach their full potential, the chances of above average rainfall has increased.

An improvement in seasonal conditions, strong livestock prices and reduced uncertainty about international trade flows caused by US policy, have led to an increase in properties being presented to market and an increase in buyer inquiry and confidence. This is in addition to the usual increase on turnover in Spring.

Average time on market is falling because of increased inquiry and confidence, and we expect time on market to continue to decline as we approach the end of the year.

This edition of Estates, at 96 pages (including the extensive sales featured), is further evidence of improved confidence in the rural property market. Our team across the country is reporting increased buyer inquiry across most property types and locations. The WA team is particularly pleased with the increase in activity with some high-quality listings across the wheat belt and high rainfall areas.

The quality of listing exceptional in this edition of Estates with buyers entrusting the Elders team to present their properties to market to take advantage of a rise in confidence and improved seasonal conditions. The team is looking forward to a busy spring and some good results for our vendors.

Please enjoy this edition of Estates and I encourage you to contact any of our to team to discuss any properties that are of interest or to get a better understanding of the rural property market.

– Mark Barber, General Manager Farmland Agency and Investments

Click here to view the previous Elders Estates editions.