Your area specialist
Scott Petersen | Rural
A word from Scott Petersen
There’s been an appetite from rural sellers to test the auction market on the back of excellent seasonal conditions and a favourable weather outlook in the immediate term.
In the Central West region encompassing Orange and Molong, I have seen competition for farms first hand. Recently I auctioned a 3,500 acre property which fetched $1m over reserve at $3250 an acre. Additionally, I sold a farm to an adjoining neighbour seeking to expand their agricultural operations for $7,827 an acre.
At the time of releasing this report, we are getting ready for four adjoining properties on the Mitchell Highway Three Rivers, Cardington, Cardington North and Gunyah to go under the hammer, these properties totaling 3,877 acres.
We have had a huge amount of interest for the auction, locally, and from as far away as WA. The rural market remains robust and this is one of the most exciting listings we ’ ve seen this year.
Auctions are the most transparent way to sell and give buyer the confidence that they’ve secured the property at market value.
The tree change movement has been well documented during and post Covid, with many city siders moving to the Central West, drawn to its friendly communities, comparative affordability and a lifestyle that celebrates rural living, wineries and gourmet food producers. With a strong likelihood of generous rainfall over the warmer months, the region will continue to go from strength to strength.
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Auction
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Real estate industry experience $1.2m Our average sale price 64 Our average days on the market F
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Client Testimonials
“Scott and Lauren were very professional, they were very informative, efficient and their advice was spot on. Suggesting ways to sell, how to present the home etc was correct. Eg we were against styling but fortunate to take their advice and judgement as we are sure it helped sell not only quickly but at the top of the market.
We were kept informed, communication was good no matter what day. They went to all lengths. We have no hesitation recommending Scott and Lauren at McGrath. Great team!”
Carmel & Ian
“Scott was exceptional to deal with. We loved his communication style which was so clear and transparent. A great experience all round.”
Lucinda & Tim
“Scott's knowledge of the market, timeliness in responding, and courteous manner, was nothing short of exceptional.”
John
“It was easy working with Scott. He has a good knowledge of the area and rural properties. Scott was communicative, and if he missed a call would ring back quickly. He had a good rapport with the vendor and we felt confident that he was trying to gain the best outcome for both parties. I would highly recommend him and his agency. Thank you for assisting with our exciting new venture.”
Sarah
Method
Price
Method
Price
Method
Price
Method
Price
2174 Cargo Road, Cargo Sold $1m 4 Beds 1 Baths 2 Cars Sale
Auction Sale
$1m Days on market 49 No. of inspections 13 Case studies 5 Beds 3 Baths 4 Cars Sale
For Sale Sale
$1.9m Days on market 59 No. of inspections 3 4 Beds 1 Baths 2 Cars Sale
Auction Sale
$4.1m Days on market 30 No. of inspections 8 4 Beds 1 Baths Sale
Auction Sale
$11.4m Days on market 35 No. of inspections 7 539 Peabody Road, Molong Sold $1.9m 244 Crocketts Lane , Larras Lee Sold $4.1m 755 Eadevale Road, Euchareena Sold $11 4m
A word from McGrath Rural
Australia’s rural and livestock sector is playing a vital role in Australia’s economic recovery from COVID 19.
On the back of excellent seasonal conditions, farmland prices have surged, farm gate prices have strengthened and the demand for rural lifestyle properties continues to rise.
At McGrath Rural and Livestock, we ’ ve been partnering with sellers to make smart decisions amidst current conditions.
In the Central West, McGrath’s Rural and Livestock specialists at Orange, Molong and Bathurst have been sought out for their longstanding local connections and unmatched market knowledge, backed by the best marketing and technology solutions in real estate.
Our McGrath Rural and Livestock specialists seek to understand each client’s needs and
objectives so they can tailor a sales strategy just for them. It's all part of a commitment to customer experience that the McGrath network has delivered sellers for more than three decades.
Being part of the McGrath network creates so many more opportunities for our sellers. As the tree change movement continues a by product of Australia’s newfound remote working culture people are looking to make the move from the city to our thriving regions. Our Central West offices have strong connections with their city based McGrath agents and property managers who have clients wanting to make the move or buy an investment in the regions. With McGrath, we'll help you find the right buyer for your sales campaign.
Scott Petersen 0408 583 099 02 6311 1534 ScottPetersen@mcgrath.com.au
