Queensland rural sales volume falls by 8%: Harcourts
A total of 18,074 residential houses and agricultural properties transacted across the regional areas of Queensland over the 12 months to November 2016, according to Landmark Harcourts’ latest Benchmark Report (bit.ly/LHBenchmark).
This represents a fall in sales volume when compared to the previous year, down -8.4% or 1,651 fewer transactions.
The 18,074 sales are made up of 16,454 residential properties and 1,620 agricultural properties and they account for $7.2 billion worth of sales over the last 12 months, down -8.1% from one year ago.
Over the year to November 2016, 1,620 agricultural properties sold across regional Queensland.
Although sales volumes fell by -6.8% over the last 12 months, the total value of sales increased by 7.8% to $1.8 billion over the same period.
The 1,620 agricultural properties accounted for just 9% of the total transactions across regional Queensland this year, and of these sales, 14.2% were on less than 40 hectares, 35.7% between 40 to 100 hectares.
35.6% were on lots between 100 to 1,000 hectares and 14.4% were on land greater than 1,000 hectares in size.
Of the $1.8 billion worth of agricultural sales for the year ending November 2016, sales over 1,000 hectares accounted for 52.1% of the overall value of agricultural sales.
This is followed by properties on lots ranging from 100 to 1,000 hectares (26.9%), 40 to 100 hectares (15.2%) and less than 40 hectares (5.8%).
A 40 acre rural property at 24 Macadamia Road, Jones Hill (above) has been listed for over $800,000.
Similarly a 110 acre mixed farming property at 572 Kanyan Road, Theebine (below) has been listed for $750,000.
A 50 acre rural property at 72 Freemans Road, Lower Beechmont (below) was sold this March for $980,000.
Similarly a 15 acre rural property at LS1286 117 Peeramon Road, Kureen (below) was sold this March for $520,000.
