Rural property markets are witnessing steady interest from investors in Australia. New South Wales (NSW) is witnessing huge interest in this segment with key areas like Bathurst, Orange, Cooma, Dubbo, Singleton and Mudgee making up the list along with McLaren Vale in South Australia and Mildura in Victoria. Goulburn and Yass in NSW were also on the list of top 10 rural property destinations to invest in Australia. Buyers are attracted to Yass and surrounding zones due to the need for a rural lifestyle and easy connectivity to Sydney and Canberra in addition to other regional hotspots. The area has witnessed major transformations with changes made in the Local Environment Plan which has enabled rural land subdivisions to around 40 hectares.
Buyers now have more options to choose from with regard to investing in rural lifestyle blocks or farms priced reasonably. The economic growth of the zone has come with several facilities like private and public schools, medical facilities, aged care provisions, banks and medical facilities. There are several vineyards in the area with intensive agriculture being a major occupation. Small farms and rural residential properties usually range between $800, 000 to about $1.2 million with bigger broad acreage property commanding prices of around $1, 500 per acre up to $3, 500 per acre based on the holding quality.
The market is in a good place right now according to experts and prices of property have gone up steadily over the last 18 months or so. The rural residential and rural markets have been going strong in recent times and buyers in Sydney have been prolific in investing in these zones. Goulburn continues to hold its position as a coveted investment destination. There is considerable demand for lifestyle properties here and the zone is affordable in comparison to the Southern Highlands and Sydney and also falls in the Growth Corridor between Sydney and Canberra which continues to improve steadily. This is a charming rural town with most shops and services available for the convenience of residents. The highway ensures easier access to Canberra, Sydney and also the coast.
