With the promise of a laidback lifestyle, quality tropical pastures and regular rain, it’s no surprise demand for rural residential properties has skyrocketed in the region over the past two years.
Partner in Charge of the Blacks Real Estate Rural Department Royce Dunn says the trend in demand and, subsequently, the price has been rising since mid-2019, with some property prices leaping 20-25%.
“There’s been a substantial increase in values across the rural types of real estate in that time, from small rural residential properties and vacant rural residential land through to rural lifestyle properties and hobby farms and, indeed, right through to cane farms and cattle stations,” said Royce.
The pandemic saw multitudes of people relocating out of urban environments and, along with the desire for self-sufficiency, this has seen a spike in rural residential, rural lifestyle and hobby farm sales.
“If you extend that to the cattle properties and cane farms, both of those industries are in a real purple patch at the present time in terms of the commodity price,” said Royce.
Properties in the Mackay region offer prime agricultural land and the prospect of more regular rain, and people are seeing the potential in the lifestyle the region offers.
“There are more people now looking to get into cattle grazing, even if it’s in a small way,” said Royce.
“It’s hard to get into it in a small way out west because everything’s cut up for fair-sized cattle stations whereas down here on the coast, it’s easier to buy a cane farm or a bit of country with established good quality tropical pastures.”
Blacks Real Estate has an intimate knowledge of rural real estate in the area, developing a very strong and loyal client base through over 140 years of history in the Mackay rural scene.
Whether you’re looking to make the move to a more spacious and relaxed lifestyle or you’re looking to sell or downsize, Blacks Real Estate has the experience in the sugar, grazing and rural industries to get you the desired outcome.
Blacks Real Estate will be at the Mackay Ag Expo to answer all your property questions or you can contact them on 07 4963 2500.
Royce Dunn of Blacks Real Estate says there is a current spike in rural property sales in the Mackay region. Photos supplied: Blacks Real Estate
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