RURAL property prices were incredibly strong in most markets in the last quarter of 2022 compared to the previous year, Elders says in its latest quarterly property update.
The trend highlighted the resilience of rural property as an asset class at a time where other asset classes have struggled, Elders said.
Elders’ market insights specialist, Matt Ough, found that while dwelling values in Australia fell 5.3pc in 2022, marking the largest calendar year decline in home values since 2008 and the All Ordinaries share market index fell 8.2pc over the same period, rural property prices, in…
