Posted by: Megan Tilbrook
Anderssens' planning and environment team recently attended the Herron Todd White annual Rural Breakfast Seminar.
HTW did not provide the positive forecasts for the rural property sector that I was hoping for. The focus was on rural property in the northern States and it was clear that there have been relatively few sales during the last 12 months - many involving liquidated properties. Due to the large amount of stock currently on the market, reduced buyer interest and restricted finance options it is expected that the next 12 months will continue to present challenges.
The seminar was concluded with an intriguing presentation on the Carbon market under the Carbon Farming Initiative, or the CFI. The CFI as it presently exists poses several deterrents to property owners to get involved, with a permanence period of 100 years and the significant start up costs. Currently high tech R&D is underway to minimise the set up costs and the risks. From the talk in the room it was clear that there are developing opportunities for property owners to trade on the carbon market and that the way people deal with this commodity will be rapidly changing.
HTW did not provide the positive forecasts for the rural property sector that I was hoping for. The focus was on rural property in the northern States and it was clear that there have been relatively few sales during the last 12 months - many involving liquidated properties. Due to the large amount of stock currently on the market, reduced buyer interest and restricted finance options it is expected that the next 12 months will continue to present challenges.
The seminar was concluded with an intriguing presentation on the Carbon market under the Carbon Farming Initiative, or the CFI. The CFI as it presently exists poses several deterrents to property owners to get involved, with a permanence period of 100 years and the significant start up costs. Currently high tech R&D is underway to minimise the set up costs and the risks. From the talk in the room it was clear that there are developing opportunities for property owners to trade on the carbon market and that the way people deal with this commodity will be rapidly changing.
