Fri. Mar 1st, 2024

It is a rare find for the New England region, but family farm ‘Glenrock’ in Aberfoyle is up for sale.

The 790 hectare, four bedroom family home, is grabbing interstate attention and all for the right reasons.

“Land between Guyra and Ebor is extremely tightly held with limited listings available in this area, and with three kilometres of river frontage it is a real gem on the market.” said Nellie Hayes, Principal Director Sales & Marketing Executive Raine and Horne Armidale and Glen Innes.

“It is a much larger parcel of land than usual on offer”.

“It’s a very productive 2,000 acre landholding”.

Located at 250 Sissons Road, Aberfoyle, you read it right- three kilometres of frontage to the permanent Wollomombi River, and location is everything.

“The rainfall for our area is extremely appealing to buyers,” said Nellie.

“The New England has a much more reliable rainfall than other areas both in and out of state, and therefore has many opportunities.”

This prized property will go under the hammer starting tomorrow, with an online auction from Thursday 30th November, at 11am and runs until 2pm Friday, 1st December.

“You will need to be pre-register prior to the auction.”

Real Estate across the New England

Meanwhile, New England properties continues to hold their value across the board, particularly rural land.

“The New England region doesn’t fluctuate in price the way the cities and coastal areas do.” said Nellie.

And our region has a lot to offer for everyone.

“There are properties for those looking on the higher end, $6 million – $12 million, and also still entry level properties.”

The Stats

According to latest report from CoreLogic, released November 2023, the total sale listings is 16.1% higher than one year ago and -26.9% below the previous five year average.

In a snapshot of the region, here is the breakdown of percentage sales by bracket:

$1million to $2million4.3%
$800k to $1million4.7%
$600k to $800k18.8%
$400k to $600k38.6%
$200k to $400k29.2%

Driving the market are houses priced between $200,000 and $600,00, accounting for 65 per cent of house sales.

As of July 2023, the values of homes in the New England experienced year on year increases, with houses taking a 1.6 percent growth.

However, the average time on the market has slightly increased to 58 days from the previous year’s 44.

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