Victorian Review 2019

Overview for Victoria:

• The median price per hectare in Victoria increased by 14.1 per cent in 2018, resulting in the third year of consecutive growth.
• The estimated number of farmland transactions in 2018 was 1,681, a decrease of eight per cent compared to 2017.
• The area of farmland traded across Victoria in 2018 was approximately 198,000 hectares, a decrease of 21.6 per cent compared to 2017.
• The total value of Victorian farmland traded in 2018 was approximately $1.1 billion, a decrease of 9.4 per cent compared to 2017.
• Gippsland saw the largest year-on-year increase in median price per hectare up by 15.2 per cent, closely followed by the South West with a growth of 13.3 per cent.