Affordable Housing, Jobs Drive Demand For Rural Properties For Sale South Australia
A combination of more affordable housing and employment opportunities has seen prices of houses in the South East region of South Australia, which includes Kangaroo Island, Fleurieu Peninsula and Limestone Coast, register the largest annual growth for the fourth consecutive quarterly Regional Market Update report produced by CoreLogic.
Average Prices Of Rural Properties For Sale South Australia South East
The latest report, which examines Australia’s 25 largest non-capital city regions, found 18 areas recorded an annual decline in house values over the year to July 2023.
The South East region in South Australia was the best-performing regional house market, with annual value growth of 9.1 per cent, down from 10.8 per cent three months ago when it was also the best performer.
Rural properties for sale South Australia - the state's south east has been the best-performing regional house market
While sales were 17.3 per cent lower than one year ago, they remained 2.9 per cent above the five-year average for the region.
In the predominantly rural Limestone Coast, Naracoorte was the standout, with the home value index up 14.9 per cent to a median price of $349,150 in the 12-month period; followed by the main city of Mount Gambier, where home values were up 7.8 per cent to a median price of $402,690.
Rural properties for sale South Australia - Naracoorte was the standout, with the home value index up 14.9 per cent over the past year
On the Fleur Peninsula, Yankalilla posted a 11.9 per cent lift in home values to a median price of $641,463; while Victor Harbour recorded a 9.6 per cent jump in home values to a median price of $655,981.
Farmland values have also risen steeply, with the median price of farmland in the Lower South East jumping 20.9 per cent to $14,639/ha in 2022, according to the latest Australian Farmland Values report produced by Rural Bank.
Rural properties for sale South Australia - sales in the south east were 17.3 per cent lower but 2.9 per cent above the five-year average
Similarly, the Limestone Coast also experienced significant growth in median prices in the period, with Victor Harbor +18.1 per cent to $23,029/ha and Yankalilla +15.6 per cent to $25,392/ha.
Kangaroo Island, meanwhile, saw the median price of farmland lift 15.4 per cent to $7,304/ha.
Reasons To Buy Rural Properties For Sale South Australia South East
CoreLogic Australia Head of Research Eliza Owen says markets that saw an increase in prices over the past 12 months were largely more affordable and were more rural.
“Presumably, lower value assets have been more resilient to increases in interest costs because they require lower indebtedness,” she says.
“Additionally, targeted migration programs also tend to focus on parts of regional Australia as a pathway to permanent residence, so some of the more rural, regional parts of the country may have seen sustained housing demand as international travel restrictions have lifted through 2022.”
Rural properties for sale South Australia - Mt Gambier was one of the top-three LGA's by growth in capital-to-regional migration
The 2022 Commonwealth Bank and Regional Australia Institute’s Regional Movers Index supports this view.
It found Mt Gambier – as well as other key regional SA towns of Ceduna and Port Augusta - were the top-three local government areas (LGA) by growth in capital-to-regional migration in the 12 months to March 2022.
Ceduna, located on the shores of Murat on the west coast of Eyre Peninsula, around 786km north-west of Adelaide, topped the rankings, with 114 per cent year-on-year (YoY) growth in migration, including 59 per cent quarter-on-quarter (QoQ) growth between the December 2021 and March 2022 quarters.
Rural properties for sale South Australia - Mt Gambier posted an 85 per cent year-on-year jump in migration in 2022
It was followed by Mt Gambier, SA’s second most populated city situated about 450km south-east of the capital, which posted an 85 per cent YoY jump in migration and 69 per cent QoQ increase.
Driving the five-year high growth in regional migration (+16.6 per cent in the March quarter, almost double pre-pandemic levels) were young people – specifically Millennials (24-40 years) and Gen-Xers (40-56 years), the report found.
Millennials accounted for the highest proportion of regional movers, making up 76 per cent of movers to Port Augusta, 70 per cent of movers to Mount Gambier and 66 per cent of movers to Ceduna.
Rural properties for sale South Australia - Mt Gambier's affordable housing and employment opportunities are key attractions
A combination of more affordable housing and employment opportunities is the key attraction, particularly in the SA LGA’s, according to the report.
“With regional SA’s median dwelling price well below all other states’ regional medians, it’s not surprising to see the state account for three of the top-five LGAs for growth in capital-to-regional migration.
“Ceduna in particular stands out, with the number of capital-city people moving in during the 12 months to March 2022 more than double the previous 12 months,” the report notes.
Rural properties for sale South Australia - millennials accounted for 70 per cent of movers to Mount Gambier in 2022
Commonwealth Bank Regional and Agribusiness Banking Executive General Manager Paul Fowler says regional areas are providing attractive local employment opportunities.
“Regional Australia is thriving, fuelled by strong investment across a broad range of industries including agriculture, manufacturing, retail and hospitality,” he says.
“There are labour shortages in many parts of regional Australia and local businesses are attracting skilled and unskilled workers to increase capacity and serve growing demand for products and services.
Rural properties for sale South Australia - Mt Gambier is positioned between Adelaide and Melbourne with wonderful amenities
“Mount Gambier is perfectly positioned between Adelaide and Melbourne with wonderful amenities and work opportunities in a diverse range of industries including manufacturing, agriculture, civil construction and wholesale retail.”
Regional Australia Institute (RAI) CEO Liz Ritchie adds that regional living is attracting more young people and particularly younger families who are looking for bigger living spaces at a cheaper cost.
People moving from capital cities to regions in the March 2022 quarter accounted for 6.4 per cent of all relocations. This is a slightly larger share than a year earlier, up by 0.1 of a percentage point, reflecting the increase displayed in the headline Regional Movers Index.
Rural properties for sale South Australia - people moving from capital cities to regions accounted for 6.4 per cent of all relocations
Ritchie notes Millennials and Gen-Xers are welcome additions to any regional community as they often bring with them business skills to grow the local community, as well as families who integrate into the local school system and community sporting activities.
Not surprisingly, demand for property for sale in these regional areas is soaring, Fowler points out.
Where To Find Rural Properties For Sale South Australia South East
If you’re a capital city dweller looking to move to regional South Australia check out some of our favourite rural properties for sale SA South East below – or click on the following link for more than 150 rural properties for sale SA.
Rural Properties For Sale South Australia South East: 829 Inman Valley Road, Lower Inman Valley ($1.695 million+)
This master-built home is set on a private, gum-studded 36-acre (14.91-hectare) wonderland just 10km-20km from beaches at Victor Harbor, Yankalilla and Normanville and 85km from Adelaide International Airport.
This rural property for sale South Australia is set on a private 14.91-hectare wonderland just 10km from the beach
Built in 1996, the architecturally designed homestead boasts an enclosed heated swim spa and ultimate outdoor entertaining area with Nectre combustion wood fire with pizza oven.
This rural property for sale South Australia boasts an enclosed heated swim spa and ultimate outdoor entertaining area
Just 10kms from Victor's buzz, serenity sets in on approach to Kylaree Park where cleverly designed gardens promise colour, abundant birdlife, and hidden trails to spark beautiful adventure at every turn.
This rural property for sale South Australia features gardens full of colour, abundant birdlife, and hidden trails
Top and tailed by verandas and an all-weather alfresco area, the home imbues a country warmth through a vast footprint dispersing multiple living and dining zones and a robust kitchen with stone benchtops and Miele appliances.
This rural property for sale South Australia boasts multiple living and dining zones and a robust kitchen with stone benchtops
Other standout features include a study, library/formal lounge, lounge/dining room, and a three-bedroom wing all drawn to view-seeking window panes. What’s more, the property features a separate fully lined and insulated studio/storeroom.
This rural property for sale South Australia includes a three-bedroom wing all drawn to view-seeking window panes
Outside there’s plenty of room to unbridle the horses in livestock-friendly paddocks beneath the gums and two good dams plus 220,000 litres of rainwater storage for the home and an additional 80,000 litres of storage.
This rural property for sale South Australia offers livestock-friendly paddocks beneath the gums and two good dams
Quality vehicle and implement shedding, a workshop, tack room, grand chicken run, dog ‘resort’, and 9kW of solar complete this unmatched acreage.
Click on the following link for more information on this rural property for sale South Australia South East at 829 Inman Valley Road, Lower Inman Valley.
Rural Properties For Sale South Australia South East: 1823 Waitpinga Road, Waitpinga ($2.75 million)
Get set for a spectacular collage on 271 acres (109 hectares). A collision of land and sea where high-quality, high-capacity grazing country is layered by sweeping Southern Ocean vistas and outlooks across to Kangaroo Island, The Pages, and the Coorong.
This rural property for sale South Australia comprises high-quality grazing country layered by sweeping Southern Ocean vistas
Comprising lush, improved perennial pastures - primarily ryegrass, cocksfoot, phalaris and clover, and nourishing loamy soils, the property offers endless scope for successful, sustainable operations for the farmer or investor.
This rural property for sale South Australia boasts lush, improved perennial pastures and nourishing loamy soils
Benefitting from a healthy fertilizer regime of 125 kg/ha of plain super and equivalents, this very capable parcel currently runs and feeds 80 healthy beef breeders and progeny.
This rural property for sale South Australia currently runs and feeds 80 healthy beef breeders and progeny
Bounded by both sealed and unsealed roads, the scenic escape just 10 minutes out of Victor is blessed with reliable rainfall (approximately 800mm a year) and a network of permanent spring-fed dams delivering constant water supply through a gravity-fed reticulation system powered by diesel pump.
This rural property for sale South Australia includes a network of permanent spring-fed dams delivering constant water supply
What’s more, the holding features well-maintained steel cattle yards and ramp ensuring smooth livestock management, 17 well-fenced main paddocks, plus additional smaller holding paddocks closer to the home.
This rural property for sale South Australia features well-maintained steel cattle yards and ramp ensuring smooth livestock management
Home is a modernised circa 1940 homestead boasting return veranda, three generous-sized bedrooms, two winter-warming open fireplaces, and a home office with external access.
This rural property for sale South Australia houses a circa 1940 homestead with three bedrooms and two open fireplaces
Located 8km from Parsons Beach, 12km from Waitpinga Beach, 18km from Victor Harbor and Yankalilla, and 90km from Adelaide International Airport, this is a sensational opportunity whether you’re looking to expand your farming repertoire or to improve on an already premium, productive acreage.
Click on the following link for more information on this rural property for sale South Australia South East at 1823 Waitpinga Road, Waitpinga.
Rural Properties For Sale South Australia South East: 32C McKinlay Court, Goolwa North (POA)
What a way to ease into semi-rural relaxation. This off-grid, five-bedroom rural homestead shuns power bills forever, thrives on views, and does it all with the space of an acreage and the practicality of township proximity.
This rural property for sale South Australia features an off-grid, five-bedroom rural homestead with sensational views
Boasting hardwood timber floors and white interior surfaces, the central living zone ceilings soar to louvred panes for added air flow, a combustion fire makes for cosy winters, and double glass sliding doors provide the essential spill onto the deck boasting a captivating rural backdrop.
This rural property for sale South Australia boasts double glass sliding doors which spill onto the outside deck with rural backdrop
In a nod to modern country, the gleaming kitchen oversees the living area with glazed subway tiles, a stone-topped prep island, dishwasher, and caterer-sized free-standing stove with gas burners.
This rural property for sale South Australia features a gleaming kitchen with island bench and large free-standing stove
Meanwhile, downtime is cleverly dispersed into wings - one for you, and one for the kids; the master slipping away to a walk-in robe, sparkling ensuite, and exclusive access to the deck which flows off the central living zone. The rest of the family shares a three-way family bathroom.
This rural property for sale South Australia offers five bedrooms, including master with ensuite and exclusive access to the deck
The home capitalises on open space, with a sprawling sun-drenched deck, abundant shedding, and land that offers a veritable playground of versatility - including a laneway right of way granting you private access to the river, the use of a rotunda, jetty, and of course the water.
This rural property for sale South Australia features laneway access to the river, rotunda, jetty, and of course the water
This rural property is barely five minutes’ drive to the heart of Goolwa and close to plenty of local amenities, including Currency Creek wineries, Hindmarsh Island, the beach, and the array of cafes.
Click on the following link for more information on this rural property for sale South Australia South East at 32C McKinlay Court, Goolwa North.
Rural Properties For Sale South Australia South East: 419 Narrung Stud Road, Narrung ($890,000-$920,000)
This spectacular three-bedroom home is situated on 8.09 hectares (20 acres) of revegetated bush and wetland with views across to the Narrows and Lake Albert, with your own private water access. This Ramsar-listed wetland is internationally known for its bird life and environmental significance.
This rural property for sale South Australia features a three-bedroom home on 8.09ha of revegetated bush and wetland
In keeping with this, the home has been designed to minimise its environmental impact, with a north-facing layout allowing sun ingress in Winter and cross-ventilation and shade in Summer.
This rural property for sale South Australia boasts a stunning home that has been designed to minimise its environmental impact
It also features double-glazed windows throughout, extensive wall and roof insulation, solar pergola, tiled floors providing a Winter thermal mass, thermostatically-controlled roof venting, celestial windows designed to catch Summer breezes, and DC energy-efficient (and silent) ceiling fans in all bedrooms and living spaces.
This rural property for sale South Australia features double-glazed windows and celestial windows designed to catch breezes
Internal fixtures and fittings are all high-quality, including two Miele ovens (pyrolytic and steam assist), Bosch cooktop and dishwasher, top-end rangehood and quality cabinetry with soft closing drawers. The butler’s pantry has a double sink and extensive storage enabling electrical appliances to always be ready for use.
This rural property for sale South Australia includes kitchen with two Miele ovens, Bosch cooktop and dishwasher, and top-end rangehood
What’s more, the home is designed for older residents, with disability access bathrooms, wide doorways, roomy bedrooms and easy turn taps and door handles. Outside the grounds feature several thousand locally sourced plants which form a diverse habitat for birds, echidnas and kangaroos.
This rural property for sale South Australia includes disability access bathrooms, wide doorways and roomy bedrooms
The fruit and vegetable gardens are accessible via a kitchen door; while the covered orchard includes an array of stone fruit, with the hardier citrus, pomegranate and fig tree growing well outside of this protection. The garden watering system is automated, including a subsurface lawn system.
This rural property for sale South Australia encompasses fruit and vegetable gardens easily accessible via a kitchen door
There are also two large sheds on the property with extra height entrance to enable storage of caravans and boats plus three 27,000-litre rainwater tanks that draw from both the sheds and house. The water can be supplemented with mains supply.
Click on the following link for more information on this rural property for sale South Australia South East at 419 Narrung Stud Road, Narrung.
Rural Properties For Sale South Australia South East: 19 Moores Road, Binnum, via Naracoorte ($629,000)
Set on 10.07 hectares (24.9 acres), this rural property for sale SA South East offers a little bit of everything, including a well-presented three-bedroom home, four-bay machinery shed and an original stone woolshed.
This rural property for sale South Australia includes a three-bedroom home, four-bay machinery shed and original stone woolshed
The home boasts an excellent kitchen/dining room with electrical appliances and a well-appointed bathroom, with a full-length bath, corner shower, long vanity and separate toilet. Bedroom one has built-in wardrobes and a ceiling fan while bedroom two could be a large bedroom or double as a second living area.
This rural property for sale South Australia boasts an excellent kitchen/dining room and multiple living areas
The spacious living area features self-combustion wood heating and air-conditioning. There is a sleep out/office adjoining the living room. Outside there is a paved, all-weather BBQ area, and a laundry and storeroom off the breeze way.
This rural property for sale South Australia offers three bedrooms, well-appointed bathroom, and all-weather BBQ area
Rainwater is plumbed through the house via a header tank and there is an equipped bore to service the outside taps and water points to the three fenced paddocks. Fencing is stock-proof with near new fencing on the southern boundary and plenty of shelter trees and timber on the property.
This rural property for sale South Australia offers three fenced paddocks, including near new fencing on the southern boundary
Additionally, there is a large, high-access four-bay machinery shed and original stone shearing shed which offers a range of opportunities to recycle or develop. Undercover pens and yards are in reasonable condition.
This rural property for sale South Australia features an original stone shearing shed which offers a range of opportunities to develop
For the buyer looking for space and a sustainable lifestyle, conveniently located just 30km from Naracoorte, this rural property is perfect.
Click on the following link for more information on this rural property for sale South Australia South East at 19 Moores Road, Binnum, via Naracoorte.