logo
Australian farmland values just keep on growing

Australian farmland values just keep on growing

Perth Now05-05-2025
Millions of hectares of Australian farmland have sold for a total of almost $15 billion, as agricultural property values rack up 11 years of growth.
Median farmland values increased by 6.9 per cent in 2024 to a record $10,231 per hectare, according to Bendigo Bank's Agribusiness Farmland Values report released on Tuesday.
But despite more than a decade of consecutive growth, the figures represent a cooling in the rate of annual increases compared to 2018 to 2022, when values more than doubled.
"The underlying drivers of the Australian farmland market were more varied in 2024 with elevated interest rates a constant and with a greater mix of seasonal conditions," Bendigo Bank executive Neil Burgess said.
"Favourable weather in NSW and Queensland has been in stark contrast to the significant lack of rain experienced in southern regions, which has been reflected in farmland prices."
Victoria was the only state to experience a decline in the median price per hectare, along with slowing growth in South Australia due to drought conditions.
Tasmania experienced the strongest growth year-on-year at 14 per cent, followed by Queensland at 12 per cent.
Buyer sentiment was buoyed by a rebound in cattle prices in Queensland, the report said.
The report showed 4.7 million hectares of farmland, roughly the size of Denmark, was sold for a combined value of $4.9 billion in 2024.
The most valuable farmland was in Victoria's Gippsland region at $29,335 per hectare, followed by Tasmania's northwest at $27,019 and South Australia's Adelaide and Fleurieu regions at $22,488.
Values are expected to record stronger growth in the second half of 2025, off the back of recovering livestock prices and rising crop production.
Farmland availability is tight, with mixed seasonal conditions and uncertainties in global trade, Mr Burgess said.
"So our outlook is for continuing moderate growth in farmland values across 2025."
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Australia news LIVE: Albanese to introduce cheaper medication bill; European Union reach 15 per cent trade deal with Trump
Australia news LIVE: Albanese to introduce cheaper medication bill; European Union reach 15 per cent trade deal with Trump

The Age

time14 minutes ago

  • The Age

Australia news LIVE: Albanese to introduce cheaper medication bill; European Union reach 15 per cent trade deal with Trump

Latest posts Latest posts 6.43am Britain warns on China, backs Australia By David Crowe Britain has vowed to 'fight together' with Australia if needed in flashpoints such as the Taiwan Strait, as it steps up its warnings about threats from China, including repression, espionage and hybrid attacks. UK Defence Minister John Healey said Britain and Australia would deter enemies together by being more ready to fight, in some of his most assertive remarks about the risks to global security. The declaration to the British media came days after Healey signed a $41 billion defence treaty with Australia to accelerate the construction of the AUKUS nuclear submarines, seen as essential to countering future trade and military threats. 6.37am Australians 'frosty' on Trump and want distance from US: new polling By Matthew Knott Australians are voicing a strong desire for the country to assert more independence from the United States amid Donald Trump's turbulent presidency, with most voters saying they do not blame Prime Minister Anthony Albanese for failing to secure a meeting with the US president. The latest Resolve Political Monitor survey of more than 2300 people, conducted for this masthead, found that most Australians continue to have strongly negative views of Trump six months after he re-entered the White House. Fewer than one in five Australian voters believe Trump's election was a good outcome for Australia. 6.33am What's making news today By Daniel Lo Surdo Hello and welcome to the national news live blog. My name is Daniel Lo Surdo, and I'll be helming our live coverage this morning. Here's what is making news today: The Albanese government will continue work to execute its election promises this week, with legislation to cap the cost of Pharmaceutical Benefits Scheme medicines at $25 on the agenda in the sitting second week of the new parliamentary term. Labor also plans to pass legislation to reduce student debts and enact childcare reform this week, after the respective draft laws were introduced in the first sitting week since the government's thumping election victory in May. The European Union have accepted a trade deal with US President Donald Trump that will impose a 15 per cent tariff on billions of dollars in exports, in an agreement that appears set to lift prices for American consumers and hurt sales for European exporters. The deal will also see the EU purchase $US750 billion worth of energy from US in the years ahead, in a move to reduce its reliance on Russian gas. Israel's military carried out airdrops of aid in Gaza on Sunday after Israel said it would establish humanitarian corridors for United Nations aid convoys amid international pressure over mounting reports of starvation-related deaths in Gaza. The Israeli Foreign Ministry said it would introduce 'tactical pauses' to allow for aid to be distributed, and halt activity in Muwasi, Deir al-Balah and Gaza City from 10am to 8pm every day until further notice. Australian Oscar Piastri has extended his F1 championship lead after winning the Belgian Grand Prix in a rain-interrupted race at Spa-Francorchamps overnight. Piastri started second on the grid but overtook McLaren teammate Lando Norris early in the race and held his nerve to finish atop the podium. Norris and Ferrari's Charles Leclerc joined Piastri on the dais in Belgium.

Australia news LIVE: Albanese to introduce cheaper medication bill; European Union reach 15 per cent trade deal with Trump
Australia news LIVE: Albanese to introduce cheaper medication bill; European Union reach 15 per cent trade deal with Trump

Sydney Morning Herald

time14 minutes ago

  • Sydney Morning Herald

Australia news LIVE: Albanese to introduce cheaper medication bill; European Union reach 15 per cent trade deal with Trump

Latest posts Latest posts 6.43am Britain warns on China, backs Australia By David Crowe Britain has vowed to 'fight together' with Australia if needed in flashpoints such as the Taiwan Strait, as it steps up its warnings about threats from China, including repression, espionage and hybrid attacks. UK Defence Minister John Healey said Britain and Australia would deter enemies together by being more ready to fight, in some of his most assertive remarks about the risks to global security. The declaration to the British media came days after Healey signed a $41 billion defence treaty with Australia to accelerate the construction of the AUKUS nuclear submarines, seen as essential to countering future trade and military threats. 6.37am Australians 'frosty' on Trump and want distance from US: new polling By Matthew Knott Australians are voicing a strong desire for the country to assert more independence from the United States amid Donald Trump's turbulent presidency, with most voters saying they do not blame Prime Minister Anthony Albanese for failing to secure a meeting with the US president. The latest Resolve Political Monitor survey of more than 2300 people, conducted for this masthead, found that most Australians continue to have strongly negative views of Trump six months after he re-entered the White House. Fewer than one in five Australian voters believe Trump's election was a good outcome for Australia. 6.33am What's making news today By Daniel Lo Surdo Hello and welcome to the national news live blog. My name is Daniel Lo Surdo, and I'll be helming our live coverage this morning. Here's what is making news today: The Albanese government will continue work to execute its election promises this week, with legislation to cap the cost of Pharmaceutical Benefits Scheme medicines at $25 on the agenda in the sitting second week of the new parliamentary term. Labor also plans to pass legislation to reduce student debts and enact childcare reform this week, after the respective draft laws were introduced in the first sitting week since the government's thumping election victory in May. The European Union have accepted a trade deal with US President Donald Trump that will impose a 15 per cent tariff on billions of dollars in exports, in an agreement that appears set to lift prices for American consumers and hurt sales for European exporters. The deal will also see the EU purchase $US750 billion worth of energy from US in the years ahead, in a move to reduce its reliance on Russian gas. Israel's military carried out airdrops of aid in Gaza on Sunday after Israel said it would establish humanitarian corridors for United Nations aid convoys amid international pressure over mounting reports of starvation-related deaths in Gaza. The Israeli Foreign Ministry said it would introduce 'tactical pauses' to allow for aid to be distributed, and halt activity in Muwasi, Deir al-Balah and Gaza City from 10am to 8pm every day until further notice. Australian Oscar Piastri has extended his F1 championship lead after winning the Belgian Grand Prix in a rain-interrupted race at Spa-Francorchamps overnight. Piastri started second on the grid but overtook McLaren teammate Lando Norris early in the race and held his nerve to finish atop the podium. Norris and Ferrari's Charles Leclerc joined Piastri on the dais in Belgium.

AZ9 builds on Mongolian copper-nickel discovery
AZ9 builds on Mongolian copper-nickel discovery

Mercury

time32 minutes ago

  • Mercury

AZ9 builds on Mongolian copper-nickel discovery

One of Australia's top mining journalists, Kristie Batten, writes for Stockhead every week in her regular column placing a watchful eye on the movers and shakers of the small cap resources scene. Asian Battery Metals (ASX:AZ9) believes it may have made a significant copper-nickel-platinum group element discovery at its Oval project in Mongolia. AZ9, which listed on the ASX last year, was previously focused on its more advanced graphite and lithium projects in Mongolia, though Oval was selected to be part of BHP's Xplor exploration accelerator in 2023. The company used the US$500,000 of funding provided by the program to drill Oval. In October 2024, AZ9 reported a hit of 8.8m at 6.08% copper, 3.19% nickel, 1.63 grams per tonne platinum, palladium and gold (E3) and 0.11% cobalt, or 12.57% copper equivalent from 107.2m. Since then, the company has been focused on expanding the scale of the discovery. Earlier this month, AZ9 reported an intersection of 8.7m at 2.44% copper, 1.52% nickel, 1.4g/t E3 and 0.06% cobalt from 112.8m, including 2m at 3.72% copper, 3.82% nickel, 1.65g/t E3 and 0.16% cobalt, 130m down-dip of a previous intercept. The results suggest semi-continuous mineralisation extends over 800m, including North Oval and the Oval gabbroic intrusion. Planning underway The recent focus for AZ9 has been electromagnetics to define targets for the next round of drilling. 'Electromagnetic is the go-to tool for this type of mineralisation, so we brought Gap Geophysics, the Australian company, to the field, and they are working currently,' AZ9 managing director Gan-Ochir Zunduisuren told Stockhead. 'Based on that work, we're hoping that we'll have multiple targets to drill on top of whatever we have from our ground EM work.' On Friday, AZ9 announced that the ground-based fixed loop electromagnetic survey at Oval was halfway through but had already resulted in 29 conductive plates being modelled across four target zones. Six priority one plates have been identified with strong geophysical responses. The focus of the remainder of the program is the deeper zones and step-out targets, including MS1, MS2 and Quartz Hill targets. Zunduisuren said the program to date had delivered the results the company were hoping for. 'I think the next stage of drilling is going to be quite instrumental for us,' he said. Drilling is set to resume in early August, while the first round of metallurgical test work results will also be released this quarter. 'The strategy for this year is to really show the size and the extent of the mineralisation to get the feeling of how large the potential is, and if we can get that by the end of the year, next year we're going to drill for a resource,' Zunduisuren said. 'We have very limited historic information. This is a brand new area, even in Mongolia, in the southwest part where we are working. 'I don't think there have been any historic magmatic mafic intrusion-related copper and nickel sulphide systems before, so this is brand new in this sense, so we really have to do everything from ground up. 'That's why we certainly believe that there is definitely a potential for camp-scale or clusters of orebodies within a few kilometres or a few tens of kilometres from each other.' Mongolia still emerging Despite Mongolia being home to Rio Tinto's massive Oyu Tolgoi copper-gold mine, Zunduisuren said it was still misunderstood as a destination. 'The last round of real investor interest was in the early 2000s,' he said. 'That's when we had a big flow of investment from Australia and Canada, especially in the gold space in Mongolia, and then the copper space. 'Knowing all the moving parts there, I think Mongolia will probably become quite interesting for investors over the next few years.' Zunduisuren said Mongolia was a mature mining destination with the right regulatory frameworks in place to support the industry. 'Infrastructure wise, it's vastly improved over the last 15 years,' he said. 'Just based on that, it's way better positioned to attract investment than 15 years ago.' The ASX's only other Mongolia-focused copper player, Xanadu Mines, is set to disappear shortly after accepting a $180 million takeover offer. Xanadu accepted the 8c per share offer – a 57% premium – and the acquirer Bastion Mining moved to compulsory acquisition on Friday. It will result in one less copper developer on the ASX, a space which is already reasonably thin. 'I think the key for larger institutional investors or corporates, they're definitely looking, of course, and observing how we progressing further,' Zunduisuren said. 'To really make their minds up, there's two things that need to be there. One is a quantity. The other is quantity. 'With our current results, we have shown there's definitely a quality of the product there, but we need to show the quantity and that's the whole strategy of this year's exploration.' At Stockhead we tell it like it is. While Asian Battery Metals is a Stockhead advertiser at the time of writing, it did not sponsor this article. Originally published as Kristie Batten: Asian Battery Metals eyes scale-up of copper-nickel discovery

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store