Australian grazing families making record property purchases as Chinese investment declines
FriFriday 18
Several grazing properties have sold for record prices to Australian families this year.
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A combination of skyrocketing cattle prices and sustained low interest rates have been credited for a series of record-breaking property purchases in northern Australia this year.
Key points:
A number of grazing land sales in northern Australia have broken records this year
Rural property valuer Roger Hill says a combination of high cattle prices and low interest rates are driving the investment
Chinese investment in rural properties has been declining due to foreign investment law changes