Rural sales ease with dry start to the year

IT’S likely there will be fewer new developments in the Sunraysia irrigation area over coming years, according to valuation firm Herron Todd White (HTW).

In its monthly property report, HTW found Mildura had a lower volume of rural sales during the first half of 2019, which was not surprising given the extremely dry start to the year.

The report said there was still demand for better-standard rural assets, with sales suggesting values were holding at similar levels to 2018.

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