Despite a general slowdown in rural property sales activity, the top end of the market in 2011 has again defied the trend and produced a string of headline-making results.
It continues a trend that started about four years ago, as corporate players and fund managers entered the rural market in search of large-scale properties with solid income streams.
Typically, these buyers have looked for properties that are large, well located and geared to specialised one-track production, be it dryland cropping, grazing or irrigation.
Details of these “top end” sales are sketchy, as not all have been made public, and of those that have, most are shrouded in secrecy as to price (and in some cases, the buyer’s identity).
The Land
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