Record result in YP land sale

Arthurton property sets YP land record price

Property
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A recent property sale near Arthurton has broken records for land prices on Yorke Peninsula.

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STAND-OUT: Statewide Rural's Rob Stephens with vendor Barry Lutze after the record-breaking sale of the east YP property.

STAND-OUT: Statewide Rural's Rob Stephens with vendor Barry Lutze after the record-breaking sale of the east YP property.

A recent property sale near Arthurton has broken records for land prices on Yorke Peninsula.

The 108-hectare parcel land sold for more than $22,490/ha - the highest price for a YO property.

The property, 11 kilometres east of Arthurton recorded an average annual rainfall of 380 millimetres.

Selling agent Rob Stephens, Statewide Rural, said even after 25 years in the industry, the outcome could still be unpredictable.

"The level of interest was strong, ending in a pleasing result," he said.

"However, such was the depth of interest, we still saw unsatisfied demand from other interested parties."

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Statewide Rural business development manager Michael Nance said this was a great result for their client.

He said the relatively reliable annual rainfall in the region helped boost the property's appeal, with large parts of the country experiencing tough climatic conditions, while SA cropping areas were also solidly in demand.

YP has led the sharp rise in cropping and mixed farmland prices in the past five years.

Since 2014, YP median prices have rise 17.4 per cent, against an annual national lift of 9.1pc.

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