Riverina Rural Property Snapshot and Welcome to Angus Macleod - Elders Rural Services
Angus Macleod

Riverina Rural Property Snapshot and Welcome to Angus Macleod

Angus has recently joined the Elders Real Estate division specialising in agribusiness services and covering the south-west of NSW and Riverina regions. Based in Wagga Wagga, Angus will work primarily with branches along the Murrumbidgee, including Gundagai, Tumut, Wagga Wagga, Narrandera, Griffith and Hay.

Angus brings a vast knowledge set to the Elders team, with his strong background in transactional services, valuations and auctioneering. Raised in the Riverina’s Hay district and now residing on a small farm outside Wagga Wagga, Angus holds extensive and diversified experience in all agricultural asset classes, ranging from horticulture, broadacre farming, irrigation and grazing.

Angus regularly provides high-level agribusiness advice to both corporate and local industry operators and holds a strong track record in executing highly successful farmland transactions.

Riverina Rural Property Market Snapshot

  • 2020 saw an increase of over 10% on land values year on year
  • The volume of total properties sold doubled in the same period
  • Increase of nearly 70% on average value per hectare since 2018
  • Historically low interest rates, coupled with record commodity prices and bumper crops have seen an increase in family operators capitalising on these favourable conditions
  • Strong increase in property values have strengthened farmers equity positions, allowing for further expansion
  • The pandemic has largely been favourable to rural and regional property markets with heightened enquiry and sales resulting from metropolitan regions
  • Above average water allocations and relief on temporary water prices are creating a renewed confidence for the upcoming season in the irrigation districts.

Contact Angus on 0414 670 286 or send an email