QLD FARM­LAND PRICES CON­TINUE TO IN­CREASE

Years of ru­ral prop­erty growth con­tin­ues

Central and North Burnett Times - - FRONT PAGE - Adam McCleery

THE in­au­gu­ral Aus­tralian Farm­land Val­ues Re­port has re­leased their fig­ures which show that Queens­land farm­land has in­creased in value by 3.3 per cent over 2015.

This growth is in step with an av­er­age in­crease in prop­erty value of 5.7 per cent per year since 1995.

The re­port was con­ducted by Ru­ral Bank and Ru­ral Fi­nance which said it em­pha­sised the un­der­ly­ing strength of prop­erty val­ues through­out the coun­try.

Speak­ing at the launch of the new re­port, Ru­ral Bank and Ru­ral Fi­nance man­ag­ing di­rec­tor and CEO Alexan­dra Gart­mann said the re­port’s find­ings con­firmed how the value of farm­land was ac­tu­ally track­ing.

“The new Aus­tralian Farm­land Val­ues re­port pro­vides in­sights into a key as­set of the farm busi­ness and how well that as­set is hold­ing its value in the con­text of the mar­ket as a whole,” Ms Gart­mann said.

“There is lit­tle doubt the agri­cul­ture sec­tor has good un­der­ly­ing strength, this re­port shows that over the long term farm­land val­ues have in­creased ahead of in­fla­tion.”

The re­port was based on real farm sales since 1995 and was con­ducted by the spe­cial­ist mar­ket in­sights team for Ru­ral Bank and Ru­ral Fi­nance.

The re­port drew on more than 220,000 trans­ac­tions which ac­counted for 264 mil­lion hectares of land with a com­bined value of $124 bil­lion.

“We know that a ma­jor­ity of farm­ers are in it for the long haul and this pro­vides some as­sur­ances,” Ms Gart­mann said.

North Bur­nett real es­tate agent Phil Dowl­ing said in gen­eral prices had in­creased and faith in agri­cul­ture in­dus­tries had been a con­tribut­ing fac­tor.

“Graz­ing coun­try has kicked up since val­ues have in­creased for the beef mar­ket and there is a lit­tle bit more sta­bil­ity there now,” Mr Dowl­ing said.

“I think the thing that prob­a­bly brings the price up in our area is tree and small crops be­cause tree crops get you a bet­ter re­turn on some other crops.”

Mr Dowl­ing also said the cur­rent state of the beef in­dus­try had also led to greater con­fi­dence and sta­bil­ity which had a flow on af­fect for prop­erty value.

“It may not have in­creased but it has made things move, I think faith in the in­dus­try has lead to that,” Mr Dowl­ing said.

PHOTO: ERICA MUR­REE

FAITH IN AGRI­CUL­TURE: Childers First Na­tional's Phil Dowl­ing says it is strength in the cat­tle and agri­cul­tural mar­kets that has helped sus­tain prices.

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