With whispers of a recession, interest rate hikes, and inflation, many in agriculture believe rural land will hold its value through the tough economic times ahead.
A prominent Australian grazing family purchased the one-million-acre Miranda Downs station in the Gulf of Carpentaria.
"The outlook and the balance sheets of the majority of clients are very strong, they've had very good capital gain, they've got good cash flows, the seasons are running well, for the majority of people around the country," he said.Principal at C1 Realty, Danny Bukowski, said demand was high for rural properties, particularly in southeast Queensland.
"Demand is strong, Brisbane and the Gold Coast are only one hour away so demand for rural/lifestyle properties is extremely high because of the location and shortage of good land," he said."What it might do is take a bit of the FOMO out of the market early and some of that urgency to buy, and it may mean some longer-term due diligence," he said.While interest rates are on the rise, Ken Crompton says the rates are relatively low, meaning a bullish outlook for ag land remains.
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