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Buyers looking to rural propert...

Buyers looking to rural property

A new report shows that rural Australian properties are attracting more interest.

The rural property market in Australia seems to be becoming popular, according to a new report  from Colliers International.



Its Rural and Agribusiness Research and Forecast Report 2013 said that farmers are looking to buy property from their neighbours while international buyers and corporations are also eyeing up these areas.



Buyers seem particularly interested in wine, sugar and large cropping properties. Additionally, people who look to get such properties as a means of getting into the industry can expect to see success. The economic pick up in Australia and a rising middle class means that profits will be higher.



International director of agency/rural and agribusiness Tim Altschwager explained that these particular fields of rural property are attracting interest.



He said: "While the Australian rural property market has remained relatively subdued over the past 12 months, there has been solid interest in specific sectors including the wine industry and larger cropping properties in reliable rainfall districts."



Posted by Craig Francis 

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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