FARM owners throughout Southeast Qld are experiencing an unprecedented increase in the value of their properties according to the latest Australian Farmland Values report.
The quarterly report is based on farm sales information accessed through PriceFinder trading as Domain Insight (DI).
While values went up by an average of 12.2% Australia wide, the SEQ region excelled with the area’s median price lifting to a new record high.
Average prices increased by 33.2% which followed a brief period of values steadying in early 2023.
The report did say however, that transaction volume had more than halved from the second half of 2021.
The average per hectare price is now listed at $16,335.
Neil Burgess, Rural Bank Senior Manager, Neil Burgess said at a national level, the story was essentially about stability in values with transaction volumes continuing to tighten as buyers increasingly failed to meet sellers’ price expectations.
“The major drivers of farmland values – commodity prices, seasonal conditions and interest rates – were mixed across regions and commodities with dry conditions proving challenging for most of southern and Western Australia, while Qld and NSW experienced favourable rainfall.
“The recovery of livestock prices after a disastrous 2023 and an easing in crop prices helps explain the variety in the median price movements we have seen around the country,” Mr Burgess concluded.
