colinrealestate

I spoke with one of our key rural salespeople the other day and he commented that the increased income almost all rural land-use types are reporting is still being used to downsize debt, some needed capital expenditure and for increased pasture management [did you see both major fertiliser companies report between 75 – 100% increase in sales this year compared with last?].

This has meant that while listings and sales are slow still, although certainly up on 2010, the past week or two has seen considerable activity with owners applying diligence pre listing while buyers are starting to seek options.

Rural towns are enjoying the increased spending off the farms, that’s for sure.

Filed under: REAL ESTATE | Tagged: Real Estate