Australian farmland value doubles every 7 years, with median prices up 10.1% to $8625/hectare, led by Tasmania's 58.7% annual increase.
Australian farmland value is doubling every seven years, with many buyers priced out of the market due to rising prices. The latest analysis of national farm sales shows a 10.1% increase in the median price of farmland to $8625 per hectare. Tasmania has experienced the highest annual median price rise of 58.7%, followed by Western Australia and Victoria, with 17.6% and 14.6% respectively.
May 02, 2024
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