Property demand strong

The top end of the rural property market remains strong, despite several high-profile Riverina properties failing to sell last week.

But sales continue to be sluggish for the balance of farms in the sheep-wheat zones.

Riverina showpiece property Billabong Station, near Gundagai, was sold to an Australian buyer for an undisclosed price this week.

The 1785ha station, owned by Sydney businessman David Baffsky, was passed in at $8.7 million last week, and was expected to fetch $9-$10 million.

Source: WeeklyTimesNow.com.au