Riverland vineyards to make way for lifestyle estates as grape prices fall
Many boutique vineyards in South Australia’s Riverland, the country’s biggest winegrowing region, will be converted into lifestyle estates due to falling grape prices, according to local valuers.
“Due to the decrease in wine-grape property values and the increase in values for rural lifestyle property, this may see a change to the highest and best use for smaller vineyards of three to eight hectares,” Mr Pankhurst said.which has effectively closed the Chinese export market. “A major development in 2022 was a circa 200-hectare table grape property at Pike River in the Riverland district,” Mr Pankhurst said.
Improvements include a three-bedroom stone residence with landscaped gardens and extensive operational shedding.
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