More Rural Comments

has meant the firewood pile has taken a bit of hammering. There’s been a scramble

to find the winter woollies, yet only 34 days till the first official day of spring!

I attended Logan and Stone’s annual property briefing last week, it’s always

good to get a view on the property market from an independent source. Boyd

Gross’s view on the rural property market is pretty much as we see it. That is, no

significant lifts in values even though pastoral farmers are enjoying some of the

best returns for a longtime. What will temper the market is the majority of farm

businesses will be using any cash surpluses to pay down their debt as well as

catching up on some deferred maintenance and fertiliser, rather than considering

the option of expanding beyond their boundary fence. The high dollar is a

concern, as is the latest GDP and inflation figures, meaning we might see interest

rates start to increase a little earlier than originally anticipated.

Having said that, the phone has certainly been busier than it was this time last

year. We are seeing an increase in buyer enquiry as well as potential vendors

wanting us to visit to discuss their options for the traditional spring selling

season. That maybe a sign that things are on the improve and that some of

Tremain’s marketing and door knocking from our expanded team is starting to

pay dividends.

If we can be of assistance to you, receive an appraisal with no obligations, or

simply discuss your options then we welcome your interest.