207-acre coastal farm near Inverloch, West Gippsland, priced around $2.5m, is for sale in a region with rising farmland prices.

207-acre coastal farm near Inverloch, West Gippsland is for sale, with no listed price but expected to be expensive. The Pound Creek farm, 10 minutes from Inverloch, is in one of the nation's most expensive farming postcodes, with median farmland prices around $12,000 per acre. The coastal farm's estimated value is around $2.5m. West Gippsland farmland prices have risen 22% in the past two years, driven by limited add-on farming blocks and proximity to Melbourne.