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Farm property values remain firm
19 May 2005
The drought has slowed the level of interest in investment in rural properties, but prices have remained firm. As a result, farmers are able to negotiate carry-on finance from their banks. Valuers say banks had been satisfied by the land valuations they had requested. The impact on property has been a slowdown in the number of farms listed for sale, with fewer people forced into packing up because of the drought. Prices have begun to fall, but valuers said values were still well ahead of the prices reported two years ago.
Financial Review, 19/05/05
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