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The state of rural property sales in NSW

By Lyndsey Douglas

Andrew Crauford, the CEO of Ray White NSW, says that rural property sales in his state are surprisingly strong given persistently dry weather.

“Buyer interest in quality farm and grazing land has been consistent over the last few weeks with good sales occurring in key agricultural markets. In theory, this shouldn’t be the case. We’ve had the driest September on record across the state,” he said.

“Nonetheless, auctions are drawing buyers, and buyers are making purchases even in areas affected by prolonged dry spells, like central and western parts of the state. Farm values, too, are proving strong in New South Wales. In fact, we’ve even seen some record prices achieved in recent weeks.”

“Our agent Tim Walsh recently sold the 750-hectare farm “Gooriaba” north of Gunnedah in NSW for $5.975 million or about $7940 per hectare. It’s one of the highest prices achieved for dryland farming country in the district where prices are normally around $6000 per hectare.”

Beyond the sales market, he says the network took time to catch up, get inspired and celebrate successes at a recent event.

“We were able to celebrate our highest achievers at our annual muster last month in Sydney. It was the largest attendance in the company’s history and speakers included foreign correspondent Michael Usher, Wallaby Marty Roebuck, agribusiness leader Roger Fletcher, and President of the National Farmers’ Federation Fiona Simson.”

“Three of our four top agents were women, in a sector traditionally filled with male rural salespeople. Dee Braithwaite, Mary David and Liz Brown continue to make big sales and many of them in their communities of Dungog, Oberon and Atherton respectively and have earned a solid reputation for strong results and excellent customer service,” he concluded.

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