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.
The residential rental vacancy rate in Ballarat has dropped again in October to a 12 month low of 1.2%, down from 1.4% in September according to the latest figures released by the Real Estate Institute of Victoria. Ballarat’s median rent for houses in October was $360 per week and the … Read more
This month we take a look at what you should consider if you’re looking to sell. Price growth continues to accelerate but we’re starting to see days on market increase, a sign that there’s a growing gap between buyer and seller expectations. In addition, the first set of finance restrictions … Read more