Ru­ral land val­ues in­crease

Mansfield Courier - - PROPERTY -

VIC­TO­RIAN farm­land val­ues have in­creased by an aver­age of 4.2 per cent each year for the past 23 years, a new re­port re­leased by Ru­ral Fi­nance shows.

The Vic­to­rian Farm­land Val­ues In­dex, a study of the value of Vic­to­rian agri­cul­tural land, tracks the re­sults of about 45,000 land sales across the state since 1990.

The in­dex, which took two years to pro­duce, shows over the long term ru­ral land val­ues have in­creased ahead of in­fla­tion, re­flect­ing the strength and re­silience of agri­cul­tural in­dus­tries.

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