Tender Brings Record Price For Dean Spud Acres

By Phillip Lee

Ray White Rural Ballarat successfully sold 84.46 Acres (34.18Ha) at 255 Mollongghip-Dean Road, Dean by tender on Friday 23rd May, 2013 for what is believed to be a record price for the district.

Enjoying the same family ownership for in excess of 95 years, the sale of this productive irrigation allotment represented a once in a generational opportunity to secure land in the tightly held and highly regarded potato production area of Dean.

Ray White Rural Ballarat Manager Josh Todd said the property had been submitted to the market twice previously by other agents without success and he had marketed the property widely in the Weekly Times, local print media and digitally across many websites which resulted in numerous tenders being received.

Incorporating rich chocolate volcanic soils, a 66 mega litre pumping licence from Birch Creek and three large irrigation dams the property has been sown to Lucerne for the past 7 years and was now fresh and ripe for more intensive agricultural pursuits such as potatoes, pyrethrum, fodder production or fattening.

Up to Date

Latest News

  • Ray White Now – Real Time Market Update 21st September 2020

    Welcome to this week’s real time residential market insights, we’ve created this document to provide clarity to all our customers on what is happening in the market now. As Australasia’s largest real estate group, selling one in every nine homes across Australia, we are uniquely placed to provide our clients with the … Read more

    Read Full Post

  • Ballarat Vacancy Rate Continues To Fall

    The August residential rental vacancy rate for Ballarat has fallen to 2.2%, down from 2.4% in July and 2.6% in March according to the latest figures released by the Real Estate Institute of Victoria. This is good news for Ballarat investors and proves how resilient the Ballarat rental market has … Read more

    Read Full Post