Riverland property: Why experts say it’s a steal right now

It’s just two hours from one of the world’s most liveable cities and one expert says this location is one of the last opportunities to bag a legitimate real estate bargain in the state. However he also shone a light on the plight grape growers in the region were facing. Nigel Christie of Urban & Rural Partners said South Australia’s Riverland region was severely undervalued, offering a great lifestyle and fantastic agricultural opportunity – the likes of which would be significantly more expensive were it to be located in somewhere like Virginia, SA’s other main food bowl. But this distance, and the recent blow to the region’s agricultural industry on the back of recent wine tariffs, were making blocks here – particularly larger vineyard landholdings – a tough sell. Mr Christie is currently selling a 32.62ha vineyard at 277a Winkie Rd, Winkie comprising 12ha of shiraz, 8.6ha of chardonnay, and 4ha of sauvignon blanc, and said the shiraz planting was hampering the sale, and was reflective of broader attitudes towards viticulture in the region. 277a Winkie Road, Winkie. Supplied “It’s the vines – you can’t sell shiraz in the Riverland,” Mr Christie said. “I would say that 80 per ...