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Australian Farmland Values

Australian Farmland Values

About the report

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 map below shows the median price per hectare year on year change. Click on your state to view details.

Australia Map Summary

View your state summary:  SA  l Vic  l Tas  l NSW  l Qld  l WA  l NT

Australian Farmland Values 2020 report

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.

View your state summary
- South Australia
- Victoria 
- Tasmania 
New South Wales 
- Queensland 
- Western Australia 
- Northern Territory 

If you would like a copy of the National Australian Farmland Values report, please complete the feedback form below. 

Launch event webinar

View our 60 minute launch event webinar hosted by Leigh Radford (former Head of ABC Rural). Our panel of industry experts discuss the changes and trends in farmland value and reflect on the relative stability of Australian agriculture. You'll hear from Alex Gartmann and Will Rayner (Rural Bank) together with Tom Russo (General Manager Elders Real Estate).


Want more information?

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.


If you have any questions and/or feedback about the report, please fill out the form below.