Elders Estates

Quality remains at the heart of the rural property market this spring.

The Elders team have a large number of high-quality properties on the market this spring.  We are also fielding an increase in enquiry across the country as buyers look for opportunities to invest in agriculture.

The Elders Team are reporting an increase in buyer confidence and a willingness to engage in good quality properties that have the ability to produce an immediate return. In this market, particularly when working capital is more expensive, buyers are looking to produce a return from their purchase as quickly as possible with minimal capital investment. Well managed soils and pastures are first on the list for buyers. Good quality infrastructure, water systems, accommodation, fencing and roads are also import attributes that buyers look for. Getting the basics right before going to market will ensure more buyer interest and engagement through the transaction.

With volatility in others sectors of the market farmland looks more attractive to family farmers, institutional investors and potentially a wider range of new entrants. However, family farms continue to be dominant in the market looking to expand or diversify to other geographic areas. Strong balance sheets, and near record levels of Farm Management Deposits are creating a lot of liquidity in the market.

In particular, we are seeing strong demand for high-quality grazing properties due to the strength in sheep meat, lamb and beef prices. Some of our best sales results recently have been in Queensland as producers are looking to expand breeding herds and expand back grounding and finishing capacity.

– Mark Barber

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