Hi, my name is Greg Vincent and welcome to this week’s Acreage Market Wrap where I share an insight into How’s The Acreage Market?

As I’ve said previously, don’t believe everything you read in the newspapers and don’t get sucked into the media hype. Anyone can manipulate the stats to make things look better or worse than they actually are. It’s important if you’re looking at making a move onto acreage that you make the decision based on your life first & foremost and take a much broader view of what’s happening in the market.

The reason I wanted to remind my viewers about taking a broader view and looking at acreage more from a long term basis is because you may get fooled into all the negative talk about what’s currently happening within the property market in the major cities, but, at the moment the opposite seems to be happening in the regional segment of the market.

Lots of people are getting out of the city because their work has become a more flexible environment along with a combination of both the Coronavirus and Gentrification, many Aussies are literally heading for the hills in search of a better, more affordable, more relaxed, rural lifestyle.

Whilst reports show that the Sydney market has experienced a correction, the single-digit adjustment to prices is nowhere near the double-digit collapse in property prices that the doomsayers were predicting about 6 months ago.

In fact, Australian property expert, John McGrath’s report earlier this week provided a detailed outline of What’s keeping property prices stable? I

t’s an eye-opening article and I highly recommend you check it out if you’re interested in what’s happening within the housing sector.

Here’s a link to John McGrath’s article

How’s The Acreage Market?

Currently there are 367 acreage properties For Sale across the region (which is a 4% reduction in available acreage stock overall when compared with than last week). This total includes 203 acreage properties For Sale throughout The Hawkesbury, 107 throughout The Hills district and another 57 acreages For Sale within Sydney’s North-West acreage areas of Penrith and Blacktown.
There were only 11 new acreage listings come onto the market this week which is a drop of nearly 1/3 of the volume of new stock hitting the market when compared to last week. There were another 16 acreage properties Sold this week which almost doubled last week’s sales results and there are currently 25 acreage properties ‘Under Contract’ across the region which indicates that there’s definitely been an increase in sales activity occurring within the acreage sector.

Out in the field this week, the 5 acres property at 114 Fisher Road, Marayla SOLD for $1.6m and lots of buyers contacted me earlier in the week to check on the 5.9 acres place at 1-5 Dodford Road, Llandilo which was SOLD at last Saturday’s auction for $1.7m.

Also, it looks like both parties have reached agreement on an offer for the unique E4 zoned acreage property at 25 Stringer Road, Kellyville and contracts for the stunning ‘Dadirri’ property at 83 Serpentine Lane, Bowen Mountain look like being exchanged unconditionally sometime this week.

It’s been another busy week fielding acreage buyer enquiries and getting prepared for 3 new acreage listings to enter the Spring Market.

If you’re thinking of buying or selling acreage settled into your new place ahead of Christmas, right now could be the perfect time to make your move.

Plus, if you’re looking to secure an acreage property and want to be amongst the early-bird buyers who gain the advantage of getting the first look at my ‘off-market’ listings, make sure to check out... www.offmarketacres.com.au

So, that’s it for this week’s Acreage Market Wrap.

If you’ve got any questions about anything I’ve shared this week or would like to discuss any of your acreage plans with me, don’t hesitate to get in touch.

Thanks for watching, stay safe and bye for now.

Regards

Greg Vincent