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Knowing the current market gives you an indication of what sort of properties are being sold, how quickly, and at what price. The rural property market can fluctuate more than metropolitan areas. Historically, rural property values in Australia respond to specific triggers in the market, such as:
For an experienced agent these triggers aren’t necessarily a negative. They’ll know what factors are impacting on rural property prices in your region and how a seller can navigate them.
Industry forecasts indicate that demand for large-scale farms and agri-business in Australia will remain high, which is expected to have a flow-on effect to smaller rural land holdings. Of course, this can change from region to region and between farm types, but the overall outlook for the market is a positive one.