The median price per hectare of Australian farmland increased by 13.5 per cent

By Rural Bank

Understanding the value of farmland is important to everyone in agribusiness, especially Australia’s farmers. The Australian Farmland Values report tells the story of national and regional farmland performance over the past 25 years.

The median price per hectare of Australian farmland increased by 13.5 per cent in 2019 to $5,271 per hectare. This marks the sixth consecutive year of growth, bringing the 20-year compound annual growth rate to 7.5 per cent.

Over time, we are seeing the number of farmland transactions decline. This may mean opportunities to expand become less frequent as fewer properties come on the market. Tightening access to suitable parcels of land, and increased competition for fewer parcels will play a role in driving increased values.

Keeping in-line with the long-term trend, we expect farmland values will continue to rise, underpinned by strong demand for agricultural assets and increasing profitability of farming operations in an environment of low interest rates and strong commodity prices.

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 - Western Australia 

 - Northern Territory 

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Rural Bank recognises the importance of relevant information to enable sound business decision-making. To view our other reports please visit our Insights page. You can also receive reports direct to your email by subscribing to Rural Bank Insights.

https://www.ruralbank.com.au/