The Gold Coast Bulletin

Decade high for country property


AUSTRALIA’S rural property sector is at its strongest for a decade, according to JLL’s agribusine­ss team.

JLL director agribusine­ss Chris Holgar said more than $110m in sales had been secured in the first quarter of 2021 and $50m worth of assets were under contract.

“Australian agribusine­ss continues to assert its position as a secure and stable asset class,” he said. “The market is the strongest it has been in 10 years and sales activity is not predicted to slow as family, private, institutio­nal and nontraditi­onal buyers look to the rural sector for investment longevity and stability.”

JLL Research shows that the value of Queensland’s agricultur­e, fisheries and forestry sector has stayed strong despite the COVID-19 disruption and drought in 2020.

Recent rainfall across the state, due to a La Nina event, has boosted the sentiment of Queensland and North Australian producers in 2021.

Queensland’s Brigalow Belt in particular, from Central Queensland to Roma, was in high demand.

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