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RAMS NEWS

MARKET NEWS

The Facts: we are a new hard working agency seeking your business.

We have a long term approach to business and our commitment is to forge relationships that produce repeat business.

That is the best measure of customer satisfaction.

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 Agency Opinion Piece follows:

Demand has eased and as a result of less competition, land prices have eased as interest rates rise.

Grazing land price in the far South West of Victoria ranges from $7600 per acre and up to $11000 per acre. When you add housing and other capital improvement on smaller acreages the price goes up to approximately $14000 per acre.    Grazing land prices are plateauing as a result of commodity prices coming off the boil.

Both the main meat commodities of Lamb and vealers have of recent seen approximately 30 percent price reduction since interest rates have risen plus the restocking demand has waned.

Lease returns have moderated to $200/acre.

The Reserve Bank of Australia board met today November. 2023.

R.B.A. has jumped the cash rate to 4.35%.

 

 Call us and let Rams Real Estate find that tailored property investment for you.

 Watch this website for properties of interest.


Our target: to be your Agent of Choice.

Contact us today!