Lands of eastern promise

AN increased number of farm properties with East Coast frontage are on the market, with one real estate agent saying it was unlike anything she had seen before.

Lisdillon, a wool, vineyard and boutique accommodation offering, and Rheban and Okehampton, both grazing operations, have all been sold recently.

Meanwhile, The Grange, which is a mixed-use farm, is on the market.

Elders Real Estate Rural Sales Agent Allanah Fernance said there had been strong interest in rural properties in the area.

“It’s quite remarkable that we’ve had these East Coast properties come up in quick succession,” she said.

“We haven’t seen that in previous years, but it’s just so happened that these four properties have come on the market within 12 to 24 months of each other.

“Succession planning certainly was a part of some of these listings – the families felt it was time to move on and hence these properties have come to the market.” Ms Fernance said the East Coast landscape was the main attraction for interested buyers.

“Being able to secure that private piece of beautiful rural land with coastal frontage is irreplaceable, which is really attractive for a range of people.

“We have had interest in Lisdillon with people wanting to set up agri tourism there and then there are others looking to purely lock it up for a private piece of coastal land.

“But while there are different ideas, all share the same keenness to secure something so rare along that coastline.”

The East Coast was not the only place where sales were taking off.

“We’re certainly seeing action in all parts of the state with both local and interstate buyers and interest,” Ms Fernance said.

“I think the beauty of Tasmania is attractive to so many mainlanders.”