Rural property values near Sydney remain stable

Rural property values near Sydney remain stable

19 July 2011 by Staff Reporter 0 comments

Staff Reporter

Rural property values have remained stable despite price declines being recorded across most Sydney markets, PRDnationwide has reported.

"Smaller-size rural lots have proven to be a popular choice for buyers from both city and country areas," said PRDnationwide research analyst and author of the Greater Sydney Rural Lifestyle Properties report, Oded Reuveni Etzioni.

The report investigated two segments of the rural market - smaller holdings classified as 'residential rural' properties between 0.4 and four hectares, and larger 'rural lifestyle' properties ranging in lot size between 10 and 40 hectares.

Mr Reuveni Etzioni said the rural market was likely to remain subdued until the broader Sydney metropolitan market recovered, yet the outlook was positive.

"While overall activity remained stable over the past five years rural-residential properties averaged an increase of 1.1 per cent per annum [in price] and rural lifestyle properties decreased by 4.7 per cent," he said.

In addition, the median selling price for rural properties under four hectares rose slightly to $726,500 over 2010, up three per cent, and accounted for 26 per cent of total sales in the rural residential market.

 

Staff Reporter

Rural property values have remained stable despite price declines being recorded across most Sydney markets, PRDnationwide has reported.

"Smaller-size rural lots have proven to be a popular choice for buyers from both city and country areas," said PRDnationwide research analyst and author of the Greater Sydney Rural Lifestyle Properties report, Oded Reuveni Etzioni.

The report investigated two segments of the rural market - smaller holdings classified as 'residential rural' properties between 0.4 and four hectares, and larger 'rural lifestyle' properties ranging in lot size between 10 and 40 hectares.

Mr Reuveni Etzioni said the rural market was likely to remain subdued until the broader Sydney metropolitan market recovered, yet the outlook was positive.

"While overall activity remained stable over the past five years rural-residential properties averaged an increase of 1.1 per cent per annum [in price] and rural lifestyle properties decreased by 4.7 per cent," he said.

In addition, the median selling price for rural properties under four hectares rose slightly to $726,500 over 2010, up three per cent, and accounted for 26 per cent of total sales in the rural residential market.

 

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2016

With a combined sales volume of $13 billion in 2016, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
At the top of his game: how this agent evolves to stay number one

Get up close and personal with the best real estate sales agents in Australia in Secrets of the Top 100 Agents. ...

View all podcasts

Are dodgy agents being punished enough?

Yes (8.6%)
No (55%)
Only in some states (2.3%)
Not all dodgy agents are being found out (34.1%)

Total votes: 220
The voting for this poll has ended on: April 15, 2017
upcoming events
REB Awards
Sydney The Event Centre 12 Sep
REB Awards
Sydney The Event Centre 12 Sep
Melbourne The Event Centre 14 Oct
Brisbane The Event Centre 18 Dec
View all events
Do you have an industry update?