Rural property market keeps going

COVID-19 is changing the way of business for rural real estate but it’s not all bad, Bayleys chief operating officer and rural real estate country manager Duncan Ross says.

“The way of doing business is changing and we are rethinking what it looks like in shape over the next few weeks and longer.

Rural resilience under pressure

Volatility continues to plague the rural real estate market.

Figures for the three months to January 31 show an improving trend but are still 16% below the corresponding period a year earlier and 9% below the equivalent period two years ago, Real Estate Institute rural spokesman Brian Peacocke says. 

Median prices are volatile with increases in the finishing and horticulture sectors but falls in the grazing and dairy sectors, particularly the latter.