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In Australia the median price of farmland grew 7.1 per cent nationally over last financial year with gains South Australia, Tasmania, Victoria and NSW. Values fell in Queensland, Western Austalia and the Northern Territory the Rural Bank said.

Australain Rainfall

Rainfall A Massive Factor For Farmland Values

A seperate analysis undertaken by Landmark Harcourts showed in the 12 months to November 2017, national farm sales rose 20 per cent to $20.3 billion. The value of farmland has been growing by an average of 6.6 per cent each year since 1998 the Rural Bank report said.

Farmland prices are being squeezed that are close to the expensive cities. No surprise that the most expensive farmland is nearest to Sydney. Australia's most expensive farmland is 200 kilometres south of Sydney in Shoalhaven, the median price for a hectare of farming land was $19,400 in 2017.

Shoalhaven Farmland

Shoalhaven Farmland Highest Value in Australia

On the flip side municipality of Bulloo, which covers the south-west corner of Queensland, had the lowest median value at only $49 a hectare. Location, location, location as they say.

Rural Bank chief executive Alexandra Gartmann said "Certainly, when you look at the report and the numbers there are some regions that have gone up substantially, or declined substantially. But you've got to stand back and look at the five, 10 and 20-year figures.

"Looking at the last five years, even the worst performing regions, only wo of those five actually had negative price growth, so even the worst performing regions are on the whole achieving positive farmland value growth, which is a great thing for Australian agriculture." Gartmann said

State by State

  1. Tasmania average median price rose 19.3 per cent
  2. South Australia average median price rose 17.1 per cent
  3. Victoria average median price rose 9.5 per cent
  4. New South Wales average median price rose 8.8 per cent 
  5. Queensland average median price fell 2.8 per cent,
  6. Western Australia average median price fell 6.5 per cent
  7. Northern Territory average median price fell 35 per cent.

Source: Rural Bank

From a Sunburnt Country

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