Roma

<html><body><div class="page" title="Page 53">
<div class="section">
<div class="layoutArea">
<div class="column">
The southern Queensland rural property market is on a run according to Herron Todd White, who say it is obvious that the increase in the market to date has not been consistent across all the regions but there is a broad level of momentum building.
In a recent report HTW said there are sectors and industries out there that always lead and this time around it would appear to be no different with cattle again appearing to be the catalyst for demand.
"Hindsight is a wonderful thing but given that there has now been a shortage of cattle in Australia for the past 12 months or so, the likelihood of an upward market adjustment of this nature occurring was always on the cards," HTW said.
"The issue is however how far will it go?
"The golden triangle of Taroom, Roma and Wandoan has set the pace.
"It is now evident that over the course of the past 12 to 18 months, the market within this sector has risen by 25 percent to 35 percent.
"In some instances where adjoining owners are involved, this increase is even higher.
"Recent settled sales include Bracco, north-west of Roma selling in September 2016 for $2,439 per hectare ($1,000 per acre in old terms); Myrnong in a similar location selling at auction for $2,523 per hectare (just over $1,000 per acre) and Nardu north- east of Roma selling for $2,151 per hectare ($870 per acre).
"This evidence would suggest that where previously it was accepted that an adjoining owner had the ability and was prepared to pay a premium, that premium was in the order of 10 percent or so; one fully justifiable.
"However that accepted level is no longer evident.
"We would suggest that such premiums could be as high as 20 percent.
"Whether they are justi able or not is another question and one that can only be answered by the buyer.
We also note a run on irrigation country on the inner downs. Sales advised as occurring, but yet to be fully confirmed include Warra Warra at Brigalow, Bandawing south of Bowenville and Campbells at Tummaville. Initial unconfirmed evidence would suggest that there is some market movement occurring in this sector as well, but until they settle, we cannot confirm to what extent.
"It is also common knowledge that Clover Downs at Cunnamulla has also gone for circa $27 million. The corporate owned holding of 125,295 hectares is a trophy holding that was acquired by Hassad Australia in July 2010 for $18.576 million. If this sale proceeds, it will re ect an increase in the order of 45% over seven years.
"These are just some of the examples of recent transactions. The big takeaway from all this is that the evidence suggests that the upward market adjustment is not just limited to one sector. Broadly we are seeing a uniform adjustment in the market, something that has not been seen for a long time."
A rural property 30 Km east of Roma, named Tipperary is currently <a href="https://www.realestate.com.au/property-livestock-qld-roma-7920818" target="_blank">on the market</a>.
The 390 acre property haas three freehold titles and 3 x 6 bedroom accommodation units.
30 km <a href="https://www.realestate.com.au/property-livestock-qld-roma-7685807" target="_blank">west of Roma</a>, Alvalea has 92 acres freehold and plenty of shedding.
</div>
</div>
</div>
</div></body></html>

jonathanchancellor-7SQnKwU6yx

Southern Queensland rural property market going strong: HTW

<html><body>
A four bedroom two bathroom Roma, Queensland house has sold under the mortgagee hammer for $221,000.
Katie Coomber of LJ Hooker held the listing.
Situated at <a href="https://www.realestate.com.au/sold/property-house-qld-roma-130203890" target="_blank">72 Taylor Street</a>, the house that previously resided on the property traded for $150,000 in 2012.
The current 2013 built house sits on a fully fenced 808 square metre block.
It was listed as a rental for $600 per week in 2013.
However in 2015 the property was relisted as a rental for less, $440 per week in March 2015 and $340 per week in December 2015.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median price for a home in <a href="https://www.urban.com.au/news/6155-roma-qld" target="_blank">Roma</a> is $220,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as -1.6%.
</body></html>

Roma

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Roma

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News