The 2017 winter has left the state very much divided in terms of rainfall, on a north-south basis. However, strong recent rains have provided a much needed fill-up for the rural areas across the state generally. In some southern areas, it is approaching “too wet” but mud is better than dust!
The Northern and Eastern wheat belts have a more problematic short term but hopefully, recent rains will provide some cover for bare paddocks and struggling crops. Demand for rural properties though is still strong regardless of the recent late start: and ray white rural WA is anticipating a very busy spring and autumn sales period, having already listed several very significant farms in the great southern region. Demand is across the board with strong interest for livestock as well as cropping properties in all rainfall zones.
Farmers looking to expand will drive the market in 17/18 but corporate interest to purchase and lease-back or purchase outright will also impact.
Ray White Rural WA directors, Hugh Ness, said the sale and lease-back option certainly worked well for some farmers who are looking to change their investment structure, change regions or payout family members.
August is certainly the month that potential vendors should be talking with us.