Victoria: 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.
Strong growth in Victorian farmland values continue in 2017
The median price of Victorian farmland increased by 9.5 per cent in 2017, contributing to a state average annual growth rate of more than 6.5 per cent since 1998.
The report reveals a year-on-year increase of 1.7 per cent in the total number of farmland transactions completed across Victoria, as well as 11.7 and 10.1 per cent increases in the total area and value of landed traded, when compared to 2016.
In total, throughout 2017, an estimated 1,827 farmland transactions took place across the state in which approximately 253,000 hectares changed hands for close to $1.2 billion.
All regions of Victoria recorded large increases in the median price of farmland ranging from 6.4 to 21.6 per cent.
Visit the Australian Farmland Values page to view the national report.