In our May edition of Property Focus we look at:
Rural and regional property specialists Landmark Harcourts recently held their 2015 Connect with Australia, China Property Showcase, in Shanghai, China.
Landmark Harcourts Deniliquin Real Estate Manager, James Sides has been named the top rural and regional sales consultant in Australia at last Wednesday’s Harcourts Annual Awards held at Jupiters on Queensland’s Gold Coast.
Today, rural and regional property specialists Landmark Harcourts released the fifth edition of their quarterly property data report, Benchmark.
A key trend identified this quarter is the continued interest in overseas buyers investing in regional property and land.
This finding is not surprising, considering China is by far Australia’s largest export market for agricultural products. Of the AUD$32.87 billion in agricultural exports over the 2012/2013 financial year, China provided the greatest amount, taking 19.6% of these exports worth almost AUD$7.5 billion.
The report found that over the 12 months to August 2014, AUD$45.3 billion worth of regional real estate transacted across 116,456 sales. This represents static levels compared to last year.
However it was regional residential houses which have grown in both the number of sales and in value according to findings from CoreLogic RP Data.
“In these regional areas, residential houses accounted for just over 70% of the value of sales and 78% of the number of sales,” says Cameron Kusher, RP Data Senior Research Analyst.
If we exclude residential houses, there were 25,654 rural property sales over the year with a total value of $13.4 billion. The value of rural sales is -5.5% lower over the year while the number of sales is -1.9% lower.
The total number of sales in regional areas grew over the year in New South Wales (+5.8%), South Australia (+13.9%) and Tasmania (+4.0%) over the year, with the number of sales dropping across regional Victoria (-6.3%), Queensland (-5.9%), and Western Australia (-3.4%).
South Australia recorded the largest percentage of sales growth over the 12 months to August 2014, with a total value of AUD$2.2 billion in rural property sales.
Craig Yarrow, Landmark Harcourts General Manager commented “The real estate market in rural and regional Australia has generally seen improved confidence levels in the rural sector, particularly cropping. Also figures indicate further increases in transaction levels in regional residential market places”.
As well as being distributed throughout Australia, the Benchmark Property Report is distributed by Landmark Harcourts in Mandarin throughout China.
Real estate office, Landmark Harcourts McCathies has officially opened its doors in Ayr, located in the Burdekin Shire, Queensland. Business Owners, John and Lyndy McCathie, and John and Paula Mottin are confident that their new venture will be highly successful.
Real estate group Landmark Harcourts are one of the key sponsors of the ManUp! 40 day Queensland tour which aims to raise funds and awareness of prostate cancer.
With a notable increase in Australian property enquiry emanating from the Harcourts network in Hong Kong and China; Landmark Harcourts has partnered with Harcourts to showcase Australian properties to China through its Connect with Australia property showcase. Responding to the particular interests of Chinese investors, Landmark Harcourts and Harcourts together will feature large scale agricultural properties targeting dairy, protein and viticulture sectors as well as residential and commercial developments, off the plan homes, new apartment blocks, house and land packages.
Landmark Harcourts was honoured for their achievements over the past 12 months by being presented with a number of awards across several categories at the Harcourts National Awards night last week.
One of the Country's most well-known rural sales consultants from Landmark Harcourts Tasmania, Michael Warren, was presented with first place for Top Rural Sales Consultant.
"Selling many multi-million dollar properties throughout his State and holding the record of the highest price achieved at $9.3 million, it's no surprise Michael received this award," said Craig Yarrow, Landmark Harcourts General Manager.
Matthew Condon of Landmark Harcourts Gympie was awarded first place in the Top Auction Lister category and Brian Liston of Landmark Harcourts Albury, was awarded 19th place in the Top National Sales Consultant category.
The Harcourts Annual Conference was held at Jupiter's Hotel and Casino at the Gold Coast last week with nearly 650 Harcourts team members in attendance. Commencing last Monday, Harcourts team members were treated to some exceptional keynote presentations from speakers including, extreme adventurer and author, Braam Malherbe, Australian aerial skier, Alisa Camplin, Domino's CEO, Don Meij and founder of Thankyou Water, Daniel Flynn.
The Conference ended on Wednesday evening with the Harcourts National Awards night which celebrated the achievements of Harcourts' top offices, property managers and sales consultants.
Harcourts International Managing Director, Mike Green, said that this year's Harcourts Conference was one of the most motivational and inspiring conferences yet.
"We've heard from some exceptional guest speakers who ensured that our team members will go back to their office with a renewed sense of industry passion and strategies to provide the best world class experience to their clients," Mr Green said.
Real estate group, Landmark Harcourts has released the latest edition of its Benchmark Property Report this month. The Benchmark Property Report provides the most comprehensive "big picture" of Australia's regional and rural real estate markets.
Rural real estate volumes across Australia have slipped, but prices are crawling slowly back up in most states, according to the latest Landmark Harcourts' Benchmark report.
With good summer seasons in South Australia and parts of New South Wales, vendors hold strong prospects for a rebound in 2014.
Landmark Harcourts and Australian Property Monitors show that volumes for properties over 40 hectares dropped in every State across Australia in 2013, except for a marginal increase in Queensland.
In NSW prices slipped 1.6 per cent but increased for all rural properties less than 40 hectares.
In Western Australia volumes were down and prices were up 30 per cent from a very low base, after crashing during the drought in recent years. Victorian volumes were down but prices there were up 4.5 per cent.
Franchise Manager for Landmark Harcourts Victoria, Jason Hellyer, said “The Victorian regional and rural real estate market is experiencing growth across all sectors. The ‘lifestyle’ sector in particular is clearly the strongest market segment with sales in the 4 – 40 hectares bracket up 8.7% this year. It’s very pleasing to see the Landmark Harcourts business performing above trend with listing and sales numbers beyond 10% for the corresponding period.”
In South Australia, where prices for farms more than 40 hectares were down 6.7 per cent.
In Queensland, the only state to see increased sales volumes, prices were down 9 per cent, reflecting more realistic vendor expectations.
Craig Yarrow, General Manager of Landmark Harcourts said, “I am committed to ensuring this publication improves each edition, especially to enable interested stakeholders to see trends within the regional and rural market place.”
As well as being distributed throughout Australia, the Benchmark Property Report will be translated into Mandarin and distributed throughout China to a network of over 1.3 million contacts.