Rural Market Highest Ever

James P Keady & Co Principal James Keady says the rural property market has the highest demand he has ever seen, in the wake of the COVID-19 pandemic.

Mr Keady said supply of rural properties, and to a lesser extent, residential properties, was struggling to keep up with demand in Cowra, which has led to a 20% increase in rural property values that have been sold through James P Keady.

He said it was the largest increase in value he had seen in his career in rural property sales, which began in 1978.

“There is a lack of supply for the demand we are getting. There’s not enough farms and houses,” he said.

“At the moment there are more buyers than sellers, which is driving the demand through the roof, and increasing the value of properties.”

“Every listing we are getting at the moment is turning into a sale after a short amount of time.”

Mr Keady said many buyers were relocating from Sydney to Cowra, and making the most of the cheaper land that was on offer here, and there were also locals exploring the market.

He said Cowra was an attractive area for people to invest in properties, with property values historically remaining steady, and very rarely falling.

“The only time I can remember properties here losing value was during the Global Financial Crisis,” he said.

“Investors are finding Cowra a safe place to store their money, buy purchasing properties here, as they know they will hold their value, and even grow.”

Meanwhile, Mr Keady said that the value of residential property sales through his agency had increased by 9%.

Planning on listing your property? Give James P Keady a call on 6342 3344 to arrange your property appraisal today.