Expect major changes in rural property ownership
1 JANUARY 2003
Up to half of rural properties are expected to change hands in the next 10 years, according to a Charles Sturt University (CSU) researcher studying the increasing levels of rural property turnover. “Over the past 10 years a quarter of rural properties have been sold, and this will increase up to 50 per cent in the next 10 years,” says CSU PhD student Ms Emily Mendham. “This change is being driven by the age of farmers who are approaching retirement and the demand for rural properties.” Ms Mendham’s findings are based on case studies in the traditional farming region of the Wimmera in western Victoria, and closer to Melbourne in the Corangamite region. Both regions have different influences on their changing demographics, and both present different opportunities and challenges. Ms Mendham will speak at ‘The changing nature of our rural neighbourhoods’ forum at the CD Blake Theatre on CSU’s Thurgoona site on Wednesday 26 November, from 9am to 3pm. The free forum will be hosted by the University’s Institute for Land, Water and Society.
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