Episode Transcript
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Speaker 1 (00:00):
Well, Cam, you and I often every week get to
talk about what's happening property wise in Canberra. We get
to talk about some stunning properties that are for sale here.
But every now and then we like to check in
what's happening across the border, you know, and yes, myn batement,
all those sorts of areas that are within our region.
Speaker 2 (00:15):
And can I just say which is where we're going
in a moment. But the property of the weakness on
the other side, yes, down Royal Away.
Speaker 1 (00:21):
Yes, I can't wait to talk about that. But in
the meantime, we're going to get a bit of a
rural real estate update from one of our favorite acubra
wearing guests, George Southwell, CEO of Ray White Rural canbra Yes,
and Mariam Bateman. George, good morning, how are you?
Speaker 3 (00:38):
I'm very well. I and Cam how are you?
Speaker 1 (00:40):
Yes, we are good. Thank you. Now, look, we haven't
checked in with you in a little bit, so we
just want to find out what's going on in the
property market in Yas and the rural region. How's it
been going.
Speaker 3 (00:51):
It's going well. I've still got a hardbeat, but the
heartbeat of this little market is starting to tick a
little bit faster. We've seen a little bit of a
slow kickoff to the spring selling season. There's lots of
stocket in the market in the next two weeks and
they were sort of ripping in and enjoying the change
of season. It's beautiful.
Speaker 1 (01:08):
Yeah.
Speaker 2 (01:08):
Yeah, And so is there any one consistent thing that
people are looking for when they're sort of speaking to
you about potential properties in the area.
Speaker 3 (01:16):
Yeah, they want value. Cam It's a really really simple equation.
At the moment, the confidence in the market, you know,
is a little bit subdued. There's no beating around the
bush there, and so generally people are looking for a
value proposition. And when we get out into the regions
and you know, into the townships of Yas and mar
and Batemen, there are some magnificent properties that represent really
(01:36):
good value with a bit of space and a bit
of freedom, and that's what people are chasing.
Speaker 2 (01:39):
Yeah, So that's exactly what I was going to ask.
So what does that sort of value represent? What are
people looking for when they roll up to the front gate?
Speaker 3 (01:48):
Twenty five thirty year old home might need a renovation,
but very comfortable to live in, something you can add
your own touch on. From an esthet's point of view
out in the yard and in the paddocks, and then
also beyond that something that you might be able to
commercially do something with, you know, run a small herd
of Scottish Highland cattle and eat by a month, or
(02:09):
a couple of sheep and shar all those sorts of
economic things coming into the commercial operation is happening on
a smaller scale, which is quite interesting tonight.
Speaker 1 (02:19):
Yeah, for sure. And George, do you continue to see
people coming in from outside the region.
Speaker 3 (02:24):
Yeah, yeah, we do. We're getting about sitting at about
forty five percent now of our inquiries are coming out
of Sydney market. We're only getting sub fifteen percent coming
out of a camera market, which is interesting out into
the Aspali and beyond. But generally speaking, you know, with
the way we're marketing property and here's the free plug,
(02:45):
we are getting buyers from outside the local area, which
is very important to achieve premiums for ourselves.
Speaker 2 (02:51):
And so when the people come in from say, Signeal
wherever it is, what are some of the things that
they're saying is they come into the region, are they
surprised by how amazing it is?
Speaker 3 (03:01):
They really are, and some of them act like genuinely
they get freaked out because they've walked down the street
of Yass or they've ducked into two before tenant Marra
Baben and they've had like fifteen people say a lot
to them and say how's your morning?
Speaker 1 (03:15):
Yeah, by people talking to me, this.
Speaker 3 (03:17):
Is weird, Ondred percent per.
Speaker 1 (03:20):
Oh, that's so nice. It's interesting, isn't it, Because like
you literally can drive not very far and then that
whole mentality, that community mentality just comes out. It's really lovely.
Speaker 2 (03:32):
You can walk through some parts of camera and no
one will look at you in the eye.
Speaker 1 (03:37):
Some people want to actively turn their heads right.
Speaker 2 (03:39):
Yet if you walk from the top part of Yas
shopping center and the main street, take you forty five
minutes because you can stop and have a conversation with
every second person.
Speaker 1 (03:47):
That's it.
Speaker 3 (03:49):
I said that the other day came. I was ducking
into the supermarket to grab some stuff, not dressed very
appropriately on well, it turned into a forty five minute
you know, appraise all seeking exercise. That was not very appealing,
I can assure you.
Speaker 1 (04:04):
Yet it always happens. You get stuck when you go out,
not in your suited up and all your nice gears.
Speaker 3 (04:10):
No, especially as a D grade celebrity.
Speaker 1 (04:12):
And just quickly, George, is there a particular property you'd
like to give a little plug too?
Speaker 3 (04:19):
Come on, he's there, oh, Reno. That's a setup, isn't it.
Of course there is. It's a beautiful property over one
hundred acres overlooking imagine this camera and a you are
overlooking Burron Juck Dam and the Murrumbidgee River and you
can drive down there and swim and camp and fish
(04:41):
and all the rest of it. But you've got a
beautiful twenty five year old AV Jennings home to enjoy
as well, tucked into the valley. So yeah, we better
get out this weekend and have a look at that one.
When you're driving in there, it's like driving along a
lake that could be in Scotland. I love it. Yeah.
Speaker 1 (04:56):
Nice, all right, George. Well, it's always a pleasure to
catch up with you as always, and we'll check in
again soon.
Speaker 3 (05:02):
Yeah, thank you very much. You have a good day.
Speaker 1 (05:04):
That's our George Southwell, CEO at ray White Rural camberri Yes,
and Maurin Bateman.
Speaker 3 (05:08):
There can