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Double digit gains for rural property as all states record gains | The Land



CONFIDENCE: Rural Bank’s Will Rayner says confidence is high in all sectors in the rural economy, leading to rising land values.

WHETHER it be dairy farms in Gippsland, Victoria, station country in the northern territory or cropping ground in Western Australia, agricultural land was in high demand right across the nation in 2020.

According to Rural Bank’s annual Australian Farmland Values report, issued this week, found a whopping 12.9 per cent median price per hectare increase for 2020, the seventh consecutive year of growth.

Just as remarkable as the headline number was the evenness of the growth, with all Australian states experiencing growth in agricultural land prices, the first time this has happened in 15 years.

The price rises were…

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