South-west real estate agents say land sale prices indicate confidence has returned to the region.
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Elders Camperdown and Mortlake real estate agent Rob Rickard said a 457-acre cropping and grazing land sale in Lismore during the week produced a result that was “pleasing for all”.
Acreage: A 457-acre plot of canola and wheat crops in Lismore has sold for a "pleasing" amount say real estate agents, renewing confidence in south-west farming.
Mr Rickard said the land on Four Tree Road included a three-bedroom brick veneer home, two sheering sheds, three grain silos, a bore and dam was prime cropping and grazing land.
“Bidding started at $2700 per acre and the land sold under the hammer to a local buyer for $4100 per acre.”
“The result,” Mr Rickard said. “Was above the vendors expectation and was a pleasing result for all.”
