Queensland: 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.
Queensland farmland values decrease in 2017
The median value per hectare of Queensland farmland decreased by 2.8 per cent in 2017 following a 10.3 per cent increase in 2016.
The 2017 report reveals that while land values are relatively flat over five and 10 years, since 1998, farmland has increased at a strong annual growth rate of 6.3 per cent.
The area and total value of farmland traded decreased by 50 per cent and eight per cent respectively, the estimated number of farmland transactions completed across the state actually increased by 1.7 per cent year-on-year.
In total, throughout 2017, an estimated 1,720 farmland transactions took place across Queensland in which approximately 3.97 million hectares changed hands for close to $1.97 billion.
The north Queensland region recorded the highest jump in median value per hectare, with values increasing 14.5 per cent year-on-year, driven mainly by a larger percentage of high value sales in the municipalities of Burdekin, Hinchinbrook, Whitsunday, Tablelands and the Cassowary Coast.
Visit the Australian Farmland Values page to view the national report.