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Regional & Rural Market Review

Regional & Rural Market Review – Spring Edition

There is no doubt that in recent months we’ve experienced a significant increase in buyer activity for quality Country Lifestyle and Rural property across Regional Victoria. This continues to be so, particularly for property located within 1 to 2 hours drive from metropolitan Melbourne.

For example “Happy Valley Estate”, a 372* acre property located at Flowerdale, has achieved 11,329 online views and a further 1,192 YouTube video views. We are currently negotiating with a handful of buyers with view to finalising a transaction in coming days.

“Bluetops”, a 230* acre property north of Melbourne listed last Sunday the 16th of August, has already achieved 1,050 online views with 5 inspections booked for this weekend.

Our COVID Inspection Challenge

If you live within Melbourne’s Stage 4 restriction region it is our view you may still inspect property outside of Melbourne’s Stage 4 restriction region provided you (a) prearrange an inspection appointment, (b) inspection protocols are followed and (c) you only travel to and from the designated property.

If you live within Victoria’s Stage 3 restriction region (Regional Victoria) you may inspect property outside of Melbourne’s Stage 4 restriction region at any time provided you (a) prearrange an inspection appointment and (b) inspection protocols are followed.

In all circumstances you must prearrange the inspection with us, in turn we will provide you with an ‘Inspection Confirmation’ letter to carry with you.

Ray White ‘Now’ – Real Time Property Data

As Australia’s largest real estate network we have access to factual ‘real time’ property sales data. The real estate sales data appended below is a snap shot of our network’s activity in the 30 day period to 19 August 2020.

Regional / Rural Property insights (30 days to 19 August, 2020)

  • 288 regional / rural properties listed with total listing value of approximately $158 million.
  • 373 regional / rural properties live online with total value of approximately $214 million.
  • 307 regional / rural properties sold with total reported value of $158 million.

Victoria / Tasmania Property insights (30 days to 19 August, 2020)

  • 679 properties listed with total listing value of approximately $395 million.
  • 752 properties live online with total value of approximately $431 million.
  • 796 properties sold with total reported value of $452 million.

To receive a copy of our comprehensive National Ray White ‘Now’ report please contact us.