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A South Australian farm paddock sold for a record $1.64 million, or $43,814 per hectare, due to strong demand and improved farming conditions.
A 37-hectare cropping paddock near Freeling, South Australia, sold for a record $1.64 million at auction, or about $43,814 per hectare, driven by strong demand and improved farming conditions after recent rains.
The land, part of a family-owned property for over 50 years, is located just 3km north of Freeling and features fertile, flat soils ideal for cropping.
The buyer, a local farm investor, plans to continue agricultural use.
The sale follows other high-value transactions in the region, including a $12 million farm deal, and six more farm auctions are scheduled by Ray White Rural SA in March.
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Un paddock agrícola de Australia del Sur se vendió por un récord de $1.64 millones, o $43.814 por hectárea, debido a la fuerte demanda y a las mejores condiciones agrícolas.