![\"\"](\"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/wp-content\/uploads\/sites\/2\/2020\/01\/Matt-Poutsie_RGB2-211x300.jpg\")
\u201cSome notable results include a record-breaking land sale in Teesdale for over $20,000,000; 2-20 Allens Road Portarlington for $4,500,000; 70 Walter Road Barrabool for $2,100,000; 2145 Hendy Main Road Freshwater Creek for $1,540,000 and the complete sell out of the 55 lot subdivision at Hinterland Moriac,\u201d Mr Poustie said.<\/p>\n
\u201cWith strong buyer activity over the past Spring, with many buyers on our database still searching for a suitable property, we do envisage a strong year of sales ahead.<\/p>\n
\u201cThe consistent rain in 2019 did assist with the pre-sale presentation of properties, so we hope that this continues after the conclusion of Summer.\u201d<\/p>\n
Charles Stewart & Co has sold a record volume of rural real estate in Western Victoria in the past three months according to managing director Michael Stewart.<\/p>\n
\u201cWe have been experiencing the best selling season in the company\u2019s history and in many cases achieving record sale prices,\u201d Mr Stewart said.<\/p>\n
\u201cThe result is an increase of more than 70 per cent on our previous highest annual total real estate turnover.<\/p>\n
\u201cNever before has the company handled the number of significant and varied properties throughout Western Victoria than it has in the past year.<\/p>\n
\u201cA number of factors contributed to the outstanding selling season, including widespread local and international recognition that our region was one of the most versatile, productive, reliable and secure areas in Australia.<\/p>\n
\u201cThis has combined with particularly favourable agricultural commodity prices, and current low interest rates to create strong demand for rural property.<\/p>\n
\u201cWhat we\u2019re noticing about the buyers we\u2019re attracting is a significant number of them are established farming enterprises looking to expand their businesses.<\/p>\n
\u201cThis is great for the region because it reflects the optimism and confidence of farmers in this part of Victoria,\u201d Mr Stewart said.<\/p>\n
Rural & Lifestyle Property sales manager for RT Edgar Real Estate Bellarine, Peter Lindeman, reports strong buying enquiry numbers throughout 2019, particularly for properties worth between $1 and $2.5 million.<\/p>\n \u201cWe have had some standout sales of rural lifestyle properties on the Bellarine Peninsular this year including a sale price of $2,500,000.00 for 75 hectares of bare land with improved pasture on the Queenscliff \u2013 Portarlington Road,\u201d Mr Lindeman said.<\/p>\n \u201cAnother sale of note was a recently renovated home on 1.8 hectares situated in Blackgate Road Freshwater Creek which sold for $1,750,000.00.<\/p>\n \u201cAs far as broader acreage goes, large scale rural properties worth tens of millions of dollars have traded throughout Victoria.<\/p>\n \u201cThe number of mixed farms on the market, particularly in the Western District, is at a level not seen for the past decade.<\/p>\n \u201cWe are seeing buying enquiry up significantly,\u201d Mr Lindeman said.<\/p>\n \u201cFuelling buyer interest are record low interest rates and buyers and vendors are more aligned to the current market.<\/p>\n \u201cProperties under $1.5 million are still the strongest segment in the rural lifestyle market especially around Drysdale, Wallington, Ceres, Barrabool, Gnarwarre, Freshwater Creek, Mount Duneed, Moriac and even the areas of Gherang, Wensleydale, Winchelsea and Inverleigh.<\/p>\n \u201cWith the results of the Banking Royal Commission and banks signalling that the days of routinely following the Reserve Bank\u2019s moves on interest rates may be over, has caused some uncertainty, however there is definitely more confidence since the Federal election.<\/p>\n \u201cRecognition by the Federal Government that agriculture will play a significant role in Australia’s growth over the next decade and beyond has also contributed to improved confidence in the rural property market.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" THE Rural and lifestyle property market flinched slightly in the early and mid part of 2019 but soon came charging back when the government won the unwinnable election and the aftermath of the Banking Royal Commission was behind us. Lifestyle properties within a short drive to the coast have been snapped up quickly with most […]<\/p>\n![\"\"](\"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/wp-content\/uploads\/sites\/2\/2020\/01\/Peter-Lindeman-RTE-300x200.jpg\")