2023 Australian broadacre farmland prices experience a 1.5% decline after a decade of 10.09% annual growth.

2023 sees a relatively flat growth in Australian broadacre farmland prices, ending a decade of strong 10.09% annual growth. Over the past ten years, prices rose by 131%, with average prices per hectare reaching $9,576 in 2022 before falling by 1.5% in 2023. This growth varied among different production zones, with the high rainfall zone experiencing the fastest average annual growth at 10.49%.

March 14, 2024
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