Northern Tablelands

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The total land value for the Northern Tablelands region has increased over the 12 month period to 1 July 2016 by 9.5 percent from $7.42 billion to $8.13 billion.
Rural properties showed the highest overall increase of approximately 11.4 percent.
Good seasonal conditions together with strong commodity prices for beef and lamb have been the main drivers for strong increases in rural land values in the region.
Inverell LGA showed the strongest increase (20.3 percent), while the lowest growth was experienced in the Walcha LGA (7.9 percent).
A 961 ha mixed farming land at <a href="https://www.realestate.com.au/property-mixed+farming-nsw-inverell-7876718" target="_blank">Inverell</a> (above) has been listed for sale for $3,750,000.
Residential land values increased by 6.2 percent overall.
The highest increases were in the LGAs of Uralla (12.1 percent), Inverell (7.7 percent) and Armidale (7.2 percent), whilst Walcha (-4.9 percent) and Glen Innes (-2.1 percent) showed a decrease in value.
Residential land at Uralla (above) was recently sold for $107,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/03/1%20Dumaresq%20Street.jpg" alt="">
Commercial land values across the region generally remained steady.
<a href="https://www.propertyobserver.com.au/images/2017/02/03/Screen%20Shot%202017-02-03%20at%2011.33.40%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/03/Screen%20Shot%202017-02-03%20at%2011.33.40%20am.jpg" alt="">
The strongest increase occurred in the LGA of Uralla (16.8 percent).
However, commercial land values decreased in the LGAs of Walcha (-5.3 percent) and Glen Innes (-2.4 percent) reflecting lower demand for commercial property in these areas.
Industrial land values for the region have generally remained steady.
The strongest increase was experienced in Uralla (9 percent), with the largest decrease in Walcha (-5 percent).
For more information including interactive online land value summaries for all LGAs and 14 regions covering the state go to 
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Land value for rural Northerland Tablelands properties increases by 11.4%: NSW Valuer-General

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A lack of larger scale grazing property listings hindered sales in the first part of 2017 in the Northern Tablelands and North West Slopes and Plains region of New South Wales according to Herron Todd White.
HTW said the region felt  strong corporate activity and sales throughout 2016 and now they are seeing more spending on on farm investment by farming and grazing operations, in particular pasture, fertiliser and water development, to take advantage of the continued strong commodity prices. 
While there are reports that cattle prices are at their peak, continued demand for breeders and weaners has kept prices at record highs," HTW said.
"Higher rainfall areas in the northern tablelands have experienced an above average season with surplus feed available which is also adding to the increase demand for cows and weaners.
"Overall the market continues to attract demand from locals (looking to expand) and corporates, however the lack of available properties has resulted in a decrease in sales.
"It’s likely that listings and sales will decrease over the coming months as winter approaches.
"Vendors are less likely to list their properties as they are generally less presentable at this time of year."
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