It’s been a slow few years for rural property sales in Australia, but this year marked a distinct change in the market according to Ray White Rural.
Paul White, the company’s joint chairman, today announced the rural division of the Ray White Group has achieved $1billion in sales for the first 11 months of 2013. For the Group, this is a figure not seen since 2010: their last rural billion-dollar-year.
“This has been a good year for rural sales, particularly in the mid range,” Mr White said, “Given the challenges of the rural industry in recent years, this achievement is extremely pleasing.”
“There’s not been a lot of huge sales, in fact the majority of movement has been in the $1.5m - $5million bracket.”
“New South Wales has improved significantly while Queensland has remained relatively flat,” he said.
Major sales for the Ray White Rural team include “Mobandilla” south-west Queensland cotton property aggregation spanning 5400 hectares for $12million (marketing agents Ray White Rural's Andrew Adcock, Rob Tweedy and Mal Gollan), the Riverpoint Aggregation in Narromine for $19.2million (marketing agent Ray White Narrabri's Rob Southwell) and the combined Burdekin Agricultural College assets south of Townsville for $12million (marketing agent Ray White Rural Townsville's Kevin Currie).
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Media contact: Lyndsey Douglas 0424203935
