7 minute read
South Australia
SA Market Update
GRANT SCHUBERT RURAL REAL ESTATE SPECIALIST, MID SOUTH EAST, SA
These are the questions that we are getting asked over and over again… during onfarm inspections, on the phone during the 100th call of the day or over a cold beer at the small town local. We have heard the term ‘unprecedented’ thrown around a lot over the past couple of years in response to COVID, however our real estate market is no different. Over the past 4 or 5 years we have continued to see record breaking sales all over the country, including South Australia. As we all look toward the finish line of 2021, we reflect on the year that has been and where the market will head next. Whilst the rural market has remained extremely strong and continued record breaking prices, primarily thanks to low interest rates and high commodity prices, in my experience, a shift is in the air as we continue to manage a market with more buyers than sellers. Record breaking prices bring record breaking expectations. And rightly so. The market is no longer willing to pay record breaking prices if the presentation does not fit with the price tag – the expectation of presentation and seasonal handover is now as prevalent as ever. A sniff of the longawaited buyer resistance may have just started. Well, for rural land anyway. Having said that, we are also seeing the ‘next generation’ of on-farm management and business minded primary producers who have become comfortable with the high commodity prices and with that, a level of acceptance of increased rural land prices. With industry leaders forecasting high commodity prices being here to stay (again, wouldn’t we all love a crystal ball?!) the younger generation is competitive, hungry for growth and expansion in their business. Whilst we are seeing the red meat industry drive record breaking prices and shape the landscape as the active buyers, the balance and diversification of mixed farming enterprise is key – in a strong market across the board, they go from strength to strength and the rural land prices will reflect as such. Given the significant growth in land sale prices, rural leases are becoming even more highly sought after and as a result, rural lease values have finally started to climb, with the Mid South East generally reflecting a 2.5% return on investment for leases over the past 12-18 months. We will likely see these lease opportunities continue to increase in both value and popularity as we move forward. And just like that, 2021 is in our rear vision mirror and we start to wonder what 2022 will bring… We can only hope it brings continued high commodity prices, low interest rates, above average rainfall and a strong real estate market across the board.
55 DAWSON ROAD
MOUNT CRAWFORD, SA 36.8 Hectares / 90 Acres
High Rainfall, Big Gum Country Rare Offering and a Motivated Vendor. 90 picturesque red gum studded grazing acres in a highly sort after and tightly held area. Located 10 minutes out of Williamstown, on the south western edge of the world renown wine growing region of the Barossa Valley. Boasting a 665mm average annual rainfall (5 year mean) with a dam as a permanent stock water source. Currently running cattle and sheep on clover based pasture with quality stockproof fencing. Plenty of shelter and high ground for calving and lambing. Enjoy all that the 2020 built Kookaburra home has to offer. It is tastefully decorated and well-appointed with stunning views from every window and the decked entertaining areas. Boasting all the modern conveniences including a dishwasher, pantry, breakfast bar, ducted reverse cycle air-conditioning plus a split system and cosy combustion. The master bedroom boasts a walk-through robe and roomy ensuite bathroom. 6 bay shed consisting of 2 open bays and 4 enclosed allowing for secure parking and workshop space. There is a chook run and plenty of scope to create a beautiful kitchen garden and orchard. This fabulous property in on the school bus route with bin pick up available too. Auction by Openn Negotiation Register to bid by logging onto www.openn.com.au Date final bidding stage starts Monday 8th November, 11.00am. Julia Smith 0427 605 059 Julia.smith@elders.com.au Elders Barossa eldersrealestate.com.au/23297504 RLA 62833
‘SARGENTS’
GLADSTONE, SA 348 Hectares / 861 Acres*
An opportunity to acquire a good portion of tightly held country in Gladstone is available for the first time after four generations of ownership. Located on the fringe of Gladstone and within 1.5kms of the state’s major in-land grain receival storage and handling facility. This is a good size holding to complement existing operations, or acquire, from outside the district. The land is intersected by the Wilkins Highway and Pissant Creek. The creek provides natural soaks. The soils range from red loams over clay and red clays to lighter soils on the rises towards the south of the holding. Some stony rises in the northern paddock. The boundary fencing is in good condition and given the cropping program, anywhere up to 700 ewes run over the property during most seasons. This season’s crop includes peas, barley, wheat and vetch determined on a rotational cropping program. It is ideal cropping country with an average rainfall in excess of 400mm and typically an even spread of moisture across key growth months Auction Date Friday 12th December, 1pm Venue Gladstone (SA) Town Hall Inspection by appointment Adam Chilcott 0447 710 484 adam.chilcottt@elders.com.au Simon Harding 0429 622 595 simon.handing@elders.com.au Elders Jamestown eldersrealestate.com.au/23294596 *denotes approximately RLA 62833
‘VIEWDALE’
LIPSON VIA TUMBY BAY, SA 287.9 Hectares / 711.4 Acres
Mixed farming with a piece of paradise This unique coastal land is in a stunning location overlooking the Spencer Gulf on the Lower Eyre Peninsula. It boasts magnificent uninterrupted coastal views all year round with over 1.6km of coastal frontage that consists of white sandy beaches. The total land area is 287.9 Hectares (711.4 acres) with approximately 269.12 Hectares (665.0 acres) cleared and arable for cropping. This year the farm is being cropped with wheat, barley and peas and is an ideal mixed farming enterprise that is fenced into 8 main paddocks, all well watered for livestock. Soil types include mostly loam over red clay with small areas of shallower soil over stony outcrops. The average annual rainfall in this area is approximately 300mm - 325mm with approximately 70-80% falling between April to October. Improvements include an old 2 stand shearing shed with attached sheep yards, implement shed, a 4 bay 15m x 7.5m open front shed and a lock up garage. There is mains water running into the property and feeds a tank and troughs throughout the farm. Access your own strip of amazing white sandy beach and open ocean, creating a great lifestyle for the beach and fishing enthusiastic farmer. Expression of Interest Closing Thursday 9th December, 4pm Allotments 52, 1 and Section 353 South Coast Rd, Lipson via Tumby Bay Luke Duncan 0458 141 321 luke.duncan@elders.com.au Darryn Johnston 0428 837 262 darryn.johnston@elders.com.au eldersrealestate.com.au/23300171 RLA 62833
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