Tasmania: 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.
Tasmanian farmland values grow strongly in 2017
The median price of Tasmanian farmland increased by 19.3 per cent in 2017, contributing to a state average annual growth rate of more than 10 per cent since 1998.
The report reveals a year-on-year increase of 19.1 per cent in the total number of farmland transactions completed across Tasmania, as well as 23 and 40 per cent increases in the total area and value of land traded, when compared to 2016.
In total, throughout 2017, an estimated 274 farmland transactions took place across the state in which approximately 27,629 hectares changed hands for close to $232 million.
Farmland values were driven up across all but one region of the state – King Island – primarily due to a surplus of buyers and a lack of supply.
Visit the Australian Farmland Values page to view the national report.