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A South Australian farm section sold for $690,000 amid competitive bidding, reflecting strong rural land demand.
A 97-hectare section of a 709-acre farm in Mannanarie, South Australia, sold for $690,000 at auction in Jamestown, equating to about $2,887 per acre.
The sale, held at the Jamestown Football Clubrooms, followed competitive bidding with two vendor bids and a pause for negotiation.
The property, known as Klingers, features productive soils, reliable water, and fencing, suitable for cropping and grazing.
The larger North section, 190 hectares, did not sell after a $1 million vendor bid with no floor offers.
The seller, who already bought another property, aimed to exit the land.
The auction was conducted by Ray White Rural SA and reflects ongoing demand for rural land in South Australia’s Mid North region.
Una sección agrícola del sur de Australia se vendió por 690.000 dólares en medio de una licitación competitiva, lo que refleja una fuerte demanda de tierras rurales.