New South Wales
New South Wales: Australian Farmland Values 2017
About the report
The value of land underpins our farming businesses and rural communities. That’s why Rural Bank’s specialist insights division, Ag Answers, has again produced the Australian Farmland Values report for 2017.
New South Wales farmland values remain strong in 2017
The median value per hectare of New South Wales farmland increased by 8.8 per cent in 2017, contributing to a state average annual growth rate of more than seven per cent since 1998.
The 2017 report reveals that while the area of farmland traded increased by 13 per cent, the estimated number of farmland transactions completed actually declined by 4.7 per cent year-on-year.
In total, throughout 2017, an estimated 3,740 farmland transactions took place across the state in which approximately 2.2 million hectares changed hands for close to $3.7 billion.
Farmland values were driven up across all but one region of the state – western New South Wales – primarily due to a surplus of buyers and a lack of supply.
Visit the Australian Farmland Values page to view the national report.