Rural property listings increase

Rural property listings increase in southern Qld

Property News
An increase in the number of rural properties being listed has been observed during the past two months says Herron Todd White.

An increase in the number of rural properties being listed has been observed during the past two months says Herron Todd White.

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An increase in the number of rural properties being listed has been observed during the past two months.

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AN increase in the number of rural properties being listed across the western Darling Downs, Maranoa and northern NSW regions has been observed during the past two months.

Brad Neill from Herron Todd White, Toowoomba, said agents were reporting that sellers are looking to capitalise on the good bodies of feed now on the ground following years of drought.

"Strong re-stocker demand continues to support high cattle prices, which are underpinning grazing land values," Mr Neill said.

"The cattle market remains strong despite the country now haying-off in most areas and should the good rain forecast over the winter fail to eventuate, the body of feed currently available runs the risk of spoiling.

"In the Darling Downs region, many farming operators are holding off planting until receiving beneficial rain to provide a full moisture profile. As supply increases, there is strong potential for a softening in market sentiment as the pool of potential buyers is absorbed.

The impacts of the barley tariffs and Australian meat export restrictions by the Chinese government may reduce buyer confidence, however these effects may take some time to play out."

Recent listings in south east and south west Queensland included:

Telco, Roma - 940ha - to be auctioned June 18.

Spring Grove, Roma - 2496ha - to be auctioned July 2.

Wattlevale, Moonie - 3138ha - EOI.

Lesdale, Charleville - 14,827ha - EOI.

Murilla, Meandarra - 7655ha - EOI

Nungil, Charleville - 14,524ha - to be auctioned June 17.

Tomoo, Mungallala - 18,215ha - private treaty after being removed from auction terms.

Mundibulanga, Drillham - 2678ha - EOI.

New Cashmere, St George - 4458 hectares - EOI.

Yambutta, Quilpie - 41,083ha - to be auctioned July 13.

Whyenbirra, Bollon - 14,358ha - to be auctioned June 18.

Terrica aggregation, Inglewood -15,990ha - EOI.

Kilto, Wandoan - 4042ha - EOI.

Recent sales include:

Dunkery, Condamine - 2944ha - sold $8m ($2717/ha).

Cooraki, Surat - 2128ha - sold $3.85m ($1809/ha).

Glen Lindon, Injune - 2627ha - sold $3.4m ($1294/ha).

Oban, Jimbour Plains-377 hectares-sold at auction $4.705 million ($12,599/ha).

"In summary, the market may be approaching a tipping point where the strong increase in listings may see values stabilise following a period of strong growth." Mr Neill said.

MORE READING: 'Condamine: Dunkery sells at auction'.

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