Friday, December 2nd, 2011 - Landmark Harcourts
The traditionally hot spring selling season for regional residential and rural real estate has ended with a bang.

Historic Collendina Station in Corowa, near Albury, sold last week under the hammer for $7,050,000, with more than 100 people in attendance and 12 registered bidders at the auction.

The property covers 1,276 hectares (3,154 acres) and features an imposing two storey homestead designed by renowned Melbourne architect W. Pitt.

Earlier this year, Munduny Station was sold for in excess of $20 million, representing the highest recorded sales price over the last five years in South Australia.

Darren Cole, Chief Executive Officer of regional and rural real estate group Landmark Harcourts, says the rural real estate market is regaining confidence with an increased level of activity.

“The lifestyle and residential segments in regional Australia have experienced significant growth," Mr Cole said. “Year on year, our results in the residential property segment have grown by 21 percent, despite lower recorded sales volumes industry wide.

“Further to these record sales, our recently opened Landmark Harcourts offices in Warwick, Queensland and Wangaratta, Victoria recorded their best ever results.

“We’re certainly gearing up to take advantage of this movement in the market. We can see the lifestyle and residential segments in regional Australia have been experiencing significant growth since May.”

Phil Rourke, from Landmark Harcourts New South Wales office, has sold over $270 million in rural property this year, with two recent sales totalling over $20 million. Not surprisingly, he was recently announced the winner of the REINSW Rural Marketing Awards of Excellence.

Mr Cole attributes their sales success, in a market experiencing lower numbers of sales, to their focus on the residential and lifestyle markets within regional Australia.

“Residential and lifestyle sales are buoyant regionally and our strength in this market means we have been able to capitalise on these sales opportunities,” adds Mr Cole.

For further information:

Darren Cole, CEO of Landmark Harcourts, on 07 3839 3100

Hillary Bell, Media Relations Officer, on 07 3839 3100

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P: 07 3839 3100
W: www.landmarkharcourts.com.au

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Historic Collendina Station in Corowa, near Albury, sold last week under the hammer for $7,050,000, with over 100 people in attendance and 12 registered bidders at the auction.

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