Page 5 - STL-Spring-Property-Guide-2023

. Thursday September 21, 2023 SPECIAL PUBLICATION 5
NEWS
2023 SPRING PROPERTY
Tight supply of quality land

COMMODITY prices and lease properties.
interest rates have had the "We are finding good en-
biggest impact on real es- quiry also for landowners
tate over the past six to 12 using a 'soft exit' strategy,
months, according to inde- whereby they have a 'lease to
pendent real estate and live- buy' arrangement in place.
stock agency PPHS. "This option gives both the
The agency, with offices lessee and lessor flexibility
in Naracoorte and Penola, and time."
SA, says the first half of this PPHS Real Estate agents
year was "very solid" with say they are currently man-
demand, listing of properties aging leases, where they
and sales occurring readily. conduct six monthly or year-
PPHS has a strong pres- ly inspections and provide
ence on both sides of the SA/ feedback to both parties re-
Victoria border for listings. garding the maintenance of
In September, the agency assets and their commitment
said interest rates had an to convivial relationships.
impact on sales with buyers "PPHS Real Estate also
becoming more cautious. offer rural and residential
"Clearance rates had re- marketing options for any-
mained solid right to the new one wishing to sell or lease."
year, at which point we saw In Naracoorte in June,
a correction in livestock val- PPHS held a primary pro-
ues," the agency said. ducer information day with
"This, in tur, caused a slow- speakers ranging from ag-
ing of demand and enquiry ricultural projections and
predominantly on grazing PPHS, with offices in Naracoorte and Penola, says the first half of this year was 'very solid' with demand, listing of finance to inspirational and
type enterprises. properties and sales occurring readily. positive motivation topics.
"Lately, we have seen in- Once again, its footy tip-
terest rates stabilise, leading The agency has a number more have a mix of both. livestock can be sourced at properties and the overall ping competition gave back
to the return of buyer interest of properties for sale and Rural land as an asset re- values that potentially pro- strong demand for food and to many community groups.
for these types of properties." lease listed on its website. mains in high demand, the vide earlier positive returns fibre products will continue The 2023 spring is shaping
PPHS says the better Some of those properties agency says. rather than the traditional to underpin solid price ex- to be a positive season in re-
cropping properties have have a pure cropping focus, "Currently, we have a pos- two to three years of recent pectations. al estate.
remained in demand at con- others are more set up for itive outlook for purchasers times," they said. "It is expected there will For more information con-
siderably higher land values. livestock grazing and yet of grazing properties, where "The tight supply of quality be an increased demand for tact PPHS on (08) 8762 3055.

‘Achieving results through a wealth
of experience, knowledge and dedication’

RICHARD HARVIE BRUCE RODDA SHAUN MINGE ROBIN STEEN JO O’CONNOR RENEA VIRGO BODDINGTON
0428 838 570 richard@pphs.com.au 0418 818 872 bruce@pphs.com.au 0428 838 899 shaun@pphs.com.au 0428 838 195 robin@pphs.com.au 0429 854 910 jo@pphsrealestate.com.au 0428 832 728 renea@pphs.com.au

FOR SALE ‘RUNAROO’ FOR SALE FOR SALE ‘BULLOCK BRIDGE’

362 ha* Poolaijelo VIC 193 ha* Apsley VIC 202.6 ha* Blackford, Kingston

839 Fullertons Rd Poolaijelo VIC Lot 42A and 42B Davies Rd Apsley VIC Lot 101 Mount Scott Rd, Blackford, Kingston SE SA
• Located 42Km Southeast of Naracoorte, 379km from • Excellent grazing and breeding property • Located 23km North East of Kingston SE and 300km
Adelaide and 436 kms from Melbourne • Opportunity for cropping development South of Adelaide
• Protected warm grazing country • Attractive buloke and red gum country in assured • This property lends itself to conservation where you
• Ideal breeding and fattening property rainfall area can immerse yourself in nature, ideal for a getaway
place or a weekender
Contact the following appointed agents:
Contact the following appointed agents: Contact the following appointed age nts: Contact the followi ng appointed agents:
Contact the following appointed agents:
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Rene
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Virgo
Richard
Shaun Minge Richard Harvie Jo O’Connor Richard H ar vie Bruce R odd Rene a Virgo B odding ton Richard Harvie Bruce Rodda Renea Virgo Boddington
odda
Richard Harvie Bruce Rodda Renea Virgo Boddington
ton
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Bruce
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• Rural • Residential • Commercial • Vineyards • Leasing * approx
RLA 315655 085759L