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Farmland values on the march | The Macleay Argus

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THE MEDIAN price per hectare of Australian farmland increased by 12.9 per cent in 2020 – the seventh consecutive year of growth – according to Rural Bank’s annual Australian Farmland Values 2021 report. For the first time in 15 years, all Australian states experienced growth in median price per hectare, demonstrating the resilience of farmland values through events as significant as the COVID-19 pandemic. Tasmania pushed further into record growth territory (25.3 per cent growth in 2020), followed by Western Australia (19.3 per cent), NSW (15.6 per cent), Queensland (11.8 per cent), South Australia (10.9 per cent) and Victoria (6.9 per cent). These extraordinary increases were despite a 14.5 per…



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