About the report

The value of land underpins our farming businesses and rural communities. That’s why Rural Bank and Rural Finance’s specialist insights division, Ag Answers, has again produced the Australian Farmland Values report for 2016.

Australian Farmland Values 2016 report

This year’s findings underline the resounding strength of Australian farmland value, with the median price in most states recording an average annual growth rate of three per cent over the decade, and more than six per cent for the past 20 years.

The analysis in the report is based on real farm sales since 1995 and draws on more than 230,000 transactions, accounting for 278 million hectares of land with a combined value of $132 billion.

The report shows that despite variable seasonal conditions and ever-changing commodities prices, the sustained growth in land prices not only reflects the resilience of the sector, but investor confidence in Australian agriculture’s growth prospects for the future.

2016 median farmland price increased in the Northern Territory (+35.1%), Victoria (+12.9%), Queensland (+10.3%), New South Wales (+10.1%), Western Australia (+3.1%) and South Australia (+1.4%), but fell in Tasmania (-0.4%).

There has been incredible growth across the eastern states in 2016 and while the remaining states have not performed as well in the same period, the growth rate is remarkably consistent when taking a long term view.

(PDF, 4MB)

If you would like a hard copy of the report, please email .(JavaScript must be enabled to view this email address).

View your state summary
- South Australia (PDF, 722KB)
- Victoria (PDF, 711KB)
- Tasmania (PDF, 706KB)
- New South Wales (PDF, 809KB)
- Queensland (PDF, 658KB)
- Western Australia (PDF, 832KB)

More information

Ag Answers is a specialist insights division. If you would like to learn more about Ag Answers please visit our Ag Answers page. You can also receive Ag Answers reports direct to your email by subscribing.

If you have any questions and/or feedback please email .(JavaScript must be enabled to view this email address).