RURAL properties continue to attract strong interest despite the unusually dry spring, a south-west real estate agent says.
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Rob Rickard, of Elders Camperdown, said a 1632-hectare (4032-acre) cropping and grazing property at Lake Bolac sold after auction on Wednesday.
The farm, which had been in the same family for 80 years, was passed in for $1950 an acre. Located on the Chatsworth Road, the property featured a four-bedroom homestead, a three-bedroom manager’s residence and extensive farm improvements.
Two blocks on offer at Hexham were sold on Saturday.
Mr Rickard said an eight-hectare (20-acre) parcel in Roger Street sold for $15,000 at auction while a 38-hectare (90-acre) block on Wordley’s Lane was passed in at auction for $125,000 but sold to a local buyer immediately afterwards.
Another large rural holding at Macarthur also sold after an expression of interest marketing campaign this month.
Warrabkook, located on Kerrs Road, comprised 818 hectares (2021 acres) of land in two lots with a five-bedroom brick veneer homestead and high quality improvements.
