Australia Records Significant Growth in Farmland Prices in 2022

Australia Records Significant Growth in Farmland Prices in 2022
Cattle stand on the bank of a farm dam in north west New South Wales, Australia, on May 4, 2020. Mark Kolbe/Getty Images
Alfred Bui
Updated:

Australian farmland values rose for the ninth consecutive year in 2022 due to strong demand and robust performance of the agriculture sector.

According to the latest report by Rural Bank, which specialises in financial services for farmers, the national median price of Australian farmland jumped 20 percent to $8,506 (US$5,652) per hectare in the past year.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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