With official interest rates rising five times this year and commodity prices for livestock down by half to two-thirds, the heat came out of the rural property market.
Land prices haven't moved downwards significantly, most observers say, although power agent Col Medway of LAWD reckons that vendors in the grazing space have been accepting a 10% drop in value to get the deal done.
Read on to hear what some of the country's top property watchers think about what the market told us in 2023 and the outlook for 2024.
