Welcome to 2024 Q3 Rural Property Update
The results for this quarter showed areas that experienced a decline in values in the first half of the year are reverting to the average annual growth rates.
Most states experienced an increase in values except for South Australia, where seasonal conditions have impacted values and the number of properties on the market. This is not surprising as vendors are reluctant to list property in abnormally dry conditions. Victorian and Tasmanian values have improved and there has been a lift in the volume of sales for this region, although still lower than normal.
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Disclaimer – important, please read:
The information contained in this article is given for general information purposes only, current at the time of first publication, and does not constitute professional advice. The article has been independently created by a human author using some degree of creativity through consultation with various third-party sources. Third party information has been sourced from means which Elders consider to be reliable. However, Elders has not independently verified the information and cannot guarantee its accuracy. Links or references to third party sources are provided for convenience only and do not constitute endorsement of material by third parties or any associated product or service offering. While Elders has exercised reasonable care, skill and diligence in preparation of this article, many factors including environmental/seasonal factors and market conditions can impact its accuracy and currency. The information should not be relied upon under any circumstances and, to the extent permitted by law, Elders disclaim liability for any loss or damage arising out of any reliance upon the information contained in this article. If you would like to speak to someone for tailored advice specific to your circumstances relating to any of the matters referred to in this article, please contact Elders.