Elders Real Estate - Reach That Delivers Results

OUR NETWORK RUNS DEEP

With a network that runs deep across Australia, and backed by experience only history can provide, Elders can take your rural real estate further.

EYRE PENINSULA

Good Fertilizer History, Capable of Running up to 600 Merino Sheep

Section 22 and 23 Hundred of Chillundie, located 33 kms east of Ceduna is being offered as a whole or separate.

• Section 22 comprises 701.1 ha (1,732.42 ac) of which 578 ha (1428 ac) are arable

• Section 23 consists of 782.2 ha (1,932 ac) of which 702 ha (1,735 ac) are arable

Soil is primarily grey calcareous sandy loam. 9 cropping areas divided into 7 paddocks, all with mains water access on 6 separate water meters and 2 large holding tanks

Located at Port Neill on the Eyre Peninsula coast, just 60 minutes north of Port Lincoln is this mixed farming enterprise also suitable for continuous cropping. Offered as a whole or in 2 separate parts... “North Ridge” & “South Ridge”.

• Arable Cropping Area: 941.6 ha (2,327 ac) with mostly sand over clay soils with clay at accessible depths for future land development.

• Open and slightly undulating easy working country with small wooded areas that serve as shelter belts for livestock. Second stand shearing

REACH THAT DELIVERS RESULTS

Cruising around the countryside driving past farm after farm, seeing crops that you could just about walk on top of. That’s how road tripping on the Eyre Peninsula will be remembered during the Spring time of 2022.

Given the bulk out there, I can only imagine the emotions of the everyday grower as the heads continue to fill but most will now be asking for the heavens to close off the tap and allow the crops to finish and harvest to begin.

With a favourable end to the season, one would expect that the Eyre Peninsula may be on track to produce one of its biggest yields on record, or at least for a very long time but with rain continuing to fall everyone is aware that we still need a stroke of luck (or at least avoid bad luck) before the grower can really cash in.

On the real estate front, we have seen a good level of stock hit the market this season and once again, have achieved some outstanding results. The message over the past 4 years has been consistent….. Good commodity prices, favourable borrowing conditions and a very healthy appetite for farmers to expand. Buyer demand remains strong.

No one knows when the market will slow down and I think many of us within the industry have given up trying to predict, but for now what I do know is that the market is ticking along very nicely.

OUR FOCUS. YOUR FUTURE.

No longer “God’s waiting room” or the “agapanthus capital of Australia” the Fleurieu Peninsula has become one of the most popular “go to” locations in the country. Covid 19 has rarely been kind across the globe but for those living in coastal communities in South Australia we have seen it as a “boom” in the real-estate market from rural holdings through to residential homes and land.

We have seen a steady influx of younger families to the area. Many “Baby Boomers” returning from eastern states and overseas – enticed by the sensational lifestyle the south coast that they remember or have revisited. A realisation that 75 minutes is not a long time to drive to a major capital city and a home market that still represents tremendous value.

The rural market has been very strong with increases of 25% over the past 18 months with time on market shortening to 4-6 weeks. Rural Lifestyle from 2 acres to 100 acres has seen the biggest rise in the market with growth of up to 75% in areas closer to the townships. Vacant residential land has become a premium with stock levels lower than we have ever seen and growth of over 75% in some locations. The residential market across the Fleurieu has had an amazing resurgence with growth in all the townships going beyond expectations and demand far outstripping availability. This has caused a consistent growth of around 50% due to standard “supply and demand” economics.

We are still in a strong and buoyant market with quality properties of all types still achieving surprising results. One issue is the lack of those people traditionally exiting from the area, very few residents are leaving the area to go elsewhere. This has led to limited stock hitting the market. Investment in the area has increased commercially and from local and state governments ensuring we are capable of managing the influx of people to our region.

The Fleurieu is a perfect destination for those looking for an amazing lifestyle and safe and secure community.

Roger Smith 0407 261 685 Sales Manager

roger.smith@elders.com.au

08 8598 6100 Luke Hutt 0418 815 049

Cassie Edwards

FLEURIEU, HILLS, VALES & KANGAROO ISLAND

What An Incredible Opportunity!!

Currently operating under the Big 4 Holiday Parks banner, the Cape Jervis Caravan Park is a diamond waiting to be found. Kangaroo Island ferry 2 minutes down the road, Deep Creek Conservation Park 10 minutes away. A true Australian country retreat away from the rat race. 19.29 hectares (47.66 acres) of park like grounds, stunning sea and rural views. Cape Jervis Caravan Park has been in operation for 32 years, 12 under the current owners who have made significant improvements to the entire park. The facilities are very modern and the whole property, accommodation and grounds are well maintained and cared for.

The Great Australia Dream. Set on 144.55 Ha (357 Acres) of rolling hills, creeks, rough terrain. Only 45 mins from Adelaide CBD your total outback experience, properties like these rarely enter the marketplace and have numerous income stream opportunity’s. JAKEM farm has been a labour of love over the last 10 years where the property has been carefully planned out and developed. This property can have many incomes opportunity’s, approximately 4,000 cars use the park on a yearly basis, over 500,000 trees have been planted. Main office conference training area, & 3 other dwellings

Bill Harvey 0417 820 311 Elders Real Estate Victor Harbor RLA 62833 *Approx

LOCAL KNOWLEDGE. NATIONAL NETWORK.

FARMLAND MARKET REPORT

The National rural property market remains strong. The rate of average annual capital appreciation over the last 5 years was 9.5 per cent and year on year growth in the second quarter of 2022 was 15.7 per cent. A continuation of strong commodity prices and historically low interest rates, albeit rising slowly, are supporting land values.

Strong earnings combined with appreciating assets mean that family farms are very competitive for land across all regions. This has been particularly so for several very tightly held regions in SA. Institutional investors continue to show strong interest in agriculture as an asset class providing capital security and competitive financial yields. The combination of strong family farm and institutional demand for agricultural land is likely to support SA property prices in 2023.

The properties featured by the SA Elders Team in this supplement show the diversity of opportunities across SA and across a range of enterprises. The SA team have extensive and deep regional knowledge that is supported by experienced transaction advisors, corporate marketing specialists and the wider Elders network. Examples of the investments Elders makes to support our regional sales team are the Rural Property Update (RPU) and the Elders Carbon Farming Team. Both offer deep market insights that our regional team can use to ensure the best possible outcomes for our clients.

For sustainable agriculture

With greater need for measuring and managing emissions, Elders is supporting Australian agriculture through a number of carbon farming and sustainable ag related services, including:

• Carbon farming feasibility reports

• Whole of enterprise emissions reports

• Registration of carbon farming projects

• Land Management advice

Elders help you to apply carbon accounting over best management practice agronomy and livestock production.

For more information, talk with your local Elders branch, or contact: carbonfarming@elders.com.au

Mark Barber 0427 603 433 General Manager, Farmland Agency & Agribusiness Investments mark.barber@elders.com.au

NORTH, YORKE PENINSULA & BAROSSA

It certainly has been an extraordinary 24 months for rural property sales. The combination of low interest rates, buoyant commodity and livestock markets and high levels of confidence in Australia’s farming future, have seen super-sized gains.

Generally, the rises are across the board for farms and rural lifestyle holdings, however properties presented well and with excellent infrastructure, sustainable land practices and rainfall consistency or water security, continue to be standout performers in the region. It has been a period where neighbours and large farming families have seized the opportunity to expand.

If next door comes up, the chance to buy it may only be available once in a generation and well-run farms are benefitting from world food market instability and the likely triple dip La Nina rainfall, to bank mega cash crops and retain abundant feed supplies.

The Lower Mid North and Yorke Peninsula areas continue to be tightly held and public listings are rare. Notably a significant amount of farmland is leased out, but with interest rates on the move and substantial gains seen, passive land-owners may start to question lease yields in the 2%’s. Quality properties should continue to achieve significant results in the short term. In terms of those seeking opportunities and planning for long term investments in regional areas, one may focus their attention on viticulture and winery assets, with current challenges in fruit contracts and export markets. Pastoral areas, even with recent rises seem to still offer compelling cases on a $/DSE basis in SA and tucker should be plentiful at most stations for a long time.

Adam Chilcott 0447 710 484 Rural Real Estate Executive, North, Yorke & Barossa adam.chilcott@elders.com.au

IT’S WHO (AND WHAT) WE KNOW.

Locally, demand for Mallee cropping and grazing land continue to outstrip supply. This increased demand is largely being driven by existing local farmers looking to expand and increase efficiency, farmers from higher rainfall areas who have been priced out of their local area, and investors wanting to capitalise on the high return on investment.

In the past 5-7 years we have seen local rural property values increase well above the long term 20 year average. An example I noted was when a property I sold in 2016 at $260 per arable acre went on to sell again in 2022 for $460 per arable acre. Today, typical Mallee cropping land values are in the range of $450 – $600 per arable acre.

In recent years Investors have been attracted to the Mallee area because of high return on investment but also because of strong demand from local farmers looking to upscale through leasing opportunities. When you compare return on investment achieved in higher rainfall areas such as the South East and Mid north, the Mallee offers an impressive 4.5 - 5% return on investment immediately plus a long term (20 year average) capital growth in excess of 6%, making Agricultural land within the Mallee an attractive asset class by anyone’s standard.

The Mallee boasts some highly innovative leaders in cropping practices. Cropping programs are run using a modern, forward thinking approach that encompasses precision agriculture, subsoil moisture preservation, crop and herbicide rotations, in a sustainable manner. Looking ahead, local farmers will go into the 2023 season with confidence particularly given the excellent subsoil moisture.

Our team across the Riverland, Murraylands & Mallee are always happy to chat about the local Farmland, Residential and Commercial market.

Dave Kanizay 0408 834 586 Real Estate Specialist

david.kanizay@elders.com.au

RIVERLAND, MURRAYLANDS & MALLEE

Diverse Cropping and Grazing Enterprise

‘Borderleen’ represents an excellent opportunity to purchase a substantial and well established mixed farming enterprise comprising 3,680ha (9,100 acres) of highly productive cropping land, 1,550 acres of mixed cropping and pasture with the remainder being support land and shelter. The property supports a well managed beef enterprise and Piggery. With diversity as its key, this property is suited to sheep grazing and includes extensive infrastructure for equipment, fertiliser and grain storage, water storage, a shearing shed, cattle yards and with approx. 2/3rd of the boundary fence having an electric “hotwire”.

Dave Kanizay 0408 834 586

david.kanizay@elders.com.au

RLA62833 *Approx Elders Rural Services Australia Ltd is privileged to offer Section 53 and 55 Hundred of Mantung being known as 352 Curtis Rd Wunkar together with Section 52 Hundred of Mantung being known as Section 52 Farr Road Caliph.

Broadacre Cropping

Sections 52, 53 and 55 are offered as a whole or as individual sections separately. The total land area is equal to 2,504.6ha (6,188 acres) offering 4,865 acres of highly productive arable land. With excellent long-term agronomic management, soils are in great health. The property has been divided into large open paddocks, conducive to modern farming practices

Dave Kanizay 0408 834 586

david.kanizay@elders.com.au

RLA62833 *Approx

60km

“Stix Farm” represents an excellent opportunity to Purchase or Lease a substantial mixed farming enterprise with options to Irrigate. Comprising approximately 3,500 acres of highly productive cropping land and the remainder being support land and scrub.

Together with cropping and grazing, the property also offers the option to irrigate. Within the Mallee Prescribed Wells Area, Section 35 (1075ha) is in the “Red Zone” and Section 33 (2503 acres) is in the “Green Zone”.

Dave Kanizay 0408 834 586

david.kanizay@elders.com.au

RLA62833 *Approx

Opportunity 352 Curtis Road, Wunkar | 2,504.6 HA (6,188 AC)*

Located

from Loxton, 45km from Pinnaroo and 290km from Adelaide

SOUTH EAST

This imposing heritage listed mansion was built in1858. Situated in an unrivalled position on the shores of Lake Butler Marina, it is also a stone’s throw from the beach of Guichen Bay.

Spacious rooms include entry foyer, formal lounge, dining, drawing, master bedroom, and numerous bedrooms and bathrooms. Renovations over the years include a modern kitchen, conservatory, and cosy balcony sunroom overlooking Lake Butler. Further renovations to increase liveability are currently underway while retaining and enhancing historic elements.

SOUTH EAST

When I started in the South East of SA a couple of well-respected older wise men that are no longer with us told me... When the East Coast, NSW and Victoria get a wet year we generally get a dryer year.

Absolutely spot on as we sit 100-120mm less rainfall than average. A slightly dryer winter often favours the South East, particularly when we experience the excellent Spring rain we’ve had this year. The clover is unbelievable, pasture growth in abundance and there’s no way live stock can keep up with it. This first decent recent rain fall 30th Oct to 1st November has put cut hay on the ground and legumes at serious risk.

The market continues to remain very strong and positive especially with buyers seeking quality and scale. Bankers and valuators are left scratching their heads as forecasters predicted an ease in the market with interest rates rises only to be wrong again. Recent sales in the Mid South East of SA have been incredibly strong with two recent auctions achieving over $14,000 per acre.

Red meat growers are the pushers in rural estate market especially cattle operations. Water licences are becoming a portion of my weekly activity and welcome any calls to discuss buying and selling as I see the value starting to rise.

Grant Schubert 0429 077 033 Rural & Residential Real Estate Specialist grant.schubert@elders.com.au

UPPER SOUTH EAST

Well what a year so far, it has been as good a year as you will see for rainfall around the upper south east, while I say it many are now over the rain waiting for fine weather to rake and bale hay, warmer weather to ripen crops ready for harvest.

We have seen a new round of increasing prices for rural sales with neighbours winning the battle to purchase as previously missing out to new comers to the area, the last 3 to 4 years of good seasonal conditions, commodity prices, historically cheap interest rates and rising equity levels has been the main catalyst and while the old saying goes they are not making any more land, I think this is coming to realisation as the big are getting bigger as the little fellow retires and sells out.

Mike Lind 0408 892 362 Rural Real Estate Specialist Upper South East michael.lind@elders.com.au

Going further.

Luke Duncan 0458 141 321 Eyre Peninsula Real Estate Specialist

A Major Landmark In The History of Robe Oozes Character and Presence

‘KARATTA HOUSE’ Lake Butler Marina | .67 HA (1.625 AC)*

Geoff Saunders 0408 397 795 Elders Real Estate Robe RLA62833 *Approx

Grant Schubert 0429 077 033 Elders Real Estate Robe

Another year is nearly over and what a year it’s been. Once again, we’ve seen record price after record price. It’s nearly become an expectation of vendors that with each sale a new record is set. Last year $15,000 an acre for irrigated land was outstanding, this year it has become an expectation.

Have we finally come to the end of our record-breaking run, or will the bull market continue to run? This is the most common question I’m currently getting from most vendors. It’s a question that can only be answered in time.

There are probably two main factors that may slow the market slightly. Interest rates and input costs. As we all know interest rates are on the rise. Investors have been extremely lucky over the past 10 years with low interest rates. However, the increase in interest rates is coming from a low base and has been largely offset by gains in commodity prices. Input costs are through the roof. Diesel, fertiliser, Grain and Hay have increased in cost significantly. Many of these input costs we can’t control as a nation.

On the other side of the coin, buyer interest is still high. Good conditions and excellent commodity prices have allowed farmers to pay down debt at a record pace. Supply is tightening across the region, which will help drive demand higher for properties that do list.

I like to refer to the Lower South East as “God’s Country”, we are so lucky. No droughts, no floods, great soil and an abundance of quality underground water. For this reason, I think we will still see minor growth in 2023. It won’t be as extreme as the last 5 years, but the great prices will continue.

Damian Venn 0438 904 771 Rural Real Estate Lower South East damian.venn@elders.com.au

RURAL PROPERTY UPDATE

Elders Rural Property Update draws on transactional data from every rural land sale in Australia. This data is supplied by Corelogic and analysed by Elders, utilising our expert rural real estate team.

The latest update shows double digit growth in median price per hectare in South Australia despite appreciating interest rates during the quarter, bucking the trend observed in other property markets. South Australia remained one of the hottest rural property markets in the country with the one year rolling median price per hectare increasing by 12.5% in Q2-2022.

Adelaide & Fleurieu 1yr rolling performance

50 70 90 110 130 150 170 190 Q3-2019 Q4-2019 Q1-2020 Q2-2020 Q3-2020 Q4-2020 Q1-2021 Q2-2021 Q3-2021 Q4-2021 Q1-2022 Q2-2022 Q1-2019 = 100

Mallee Riverland 1yr rolling performance

Q1-2019 = 100

50 70 90 110 130 150 170 Q3-2019 Q4-2019 Q1-2020 Q2-2020 Q3-2020 Q4-2020 Q1-2021 Q2-2021 Q3-2021 Q4-2021 Q1-2022 Q2-2022

Rolling median $/ha Rolling volume

South East 1yr rolling performance

50 70 90 110 130 150 170 190 Q3-2019 Q4-2019 Q1-2020 Q2-2020 Q3-2020 Q4-2020 Q1-2021 Q2-2021 Q3-2021 Q4-2021 Q1-2022 Q2-2022 Q1-2019 = 100

Rolling median $/ha Rolling volume

South Australia 1yr rolling performance

Rolling median $/ha Rolling volume

Elders State Real Estate Manager of

110

90

70

50

130 Q3-2019 Q4-2019 Q1-2020 Q2-2020 Q3-2020 Q4-2020 Q1-2021 Q2-2021 Q3-2021 Q4-2021 Q1-2022 Q2-2022 Q1-2019 = 100

Rolling median $/ha Rolling volume

summarises the current drivers of the market...

The index charts below show the change in median price per hectare and transaction volume relative to the base period of Q1-2019.* Phil Keen 0438 308 650 State Real Estate Manager South Australia phil.keen@elders.com.au

Sustained high commodity prices, particularly livestock and grain, has helped fuel demand in SA. We expect a large spend on capital improvements post-harvest as confidence in the industry remains high. We expect that rural property prices will continue to grow into 2023, supply is tightening across the country which will help drive demand higher for properties that do list. * The information contained in this article is only general and while we have provided this information in good faith and based on what we believe are accurate sources, the information may not be complete or accurate for your purposes. The information provided does not take into account everyone’s individual situation. General information should not be relied on instead of professional advice specifically directed to you and your circumstances. We are not responsible for any actions taken as a result of you relying on or in any way using information contained in this article and will not be liable for any damages resulting from your reliance on or use of this information.

South Australia, Phil Keen

Elders Real Estate, state managers at a recent strategy meeting in Adelaide.