![Rustic Gate, Australian Farmland](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
New analysis reveals a mean Aussie farm is now value greater than $5m, though the market is cooling.
The typical Australian farm is now a multi-million greenback asset, with new knowledge revealing the everyday holding is value properly over $5m at present costs.
Contemporary figures from Bendigo Financial institution Agribusiness present the nationwide median farmland value has hit a document $10,516 per hectare, which means a mean 500ha farm is now value about $5.25m. For bigger, 1000ha operations, that jumps to greater than $10m — and much increased in premium areas.
Cattle on a farm close to Rockhampton in Queensland. Photograph: Torsten Blackwood.
The figures, launched within the financial institution’s 2026 Australian Farmland Values Report, mark a 2.8 per cent annual enhance and lengthen a 12-year streak of rising land values throughout the nation, however after years of fast development the market is now cooling.
“A subdued begin to the yr gave option to a extra assured market within the second half pushed by improved seasonal situations, three RBA money fee cuts, and powerful livestock costs,” Bendigo Financial institution Agribusiness senior supervisor business insights Eliza Redfern stated.
“Nevertheless, widespread, uniform development has fallen, and consumers at the moment are extra discerning, prioritising asset high quality, water safety, and long-term returns.”
Aerial view over farmland and bushland in Mareeba. Photograph: Tourism Tropical North Queensland.
Separate analysis from Rabobank reinforces the slowdown, with the agribusiness lender forecasting solely modest development forward.
Its newest Australian Farmland Value Outlook expects nationwide land values to rise by about two per cent in 2026, adopted by subdued development of simply 0.4 per cent in 2025 — a pointy drop from the common annual features of roughly 11 per cent over the previous decade.
Report writer Paul Joules stated the market had entered a brand new part.
“Our base case forecast expects Australian agricultural land values to proceed rising in 2026, with the median value per hectare projected to extend by round two per cent year-on-year,” he stated.
“The expectation is for equally average development in land values from 2026 to 2031 with the market having firmly entered a weaker development cycle.”
The price of a typical farm in Australia is now greater than $5 million.
A complete of 6.3m hectares of land modified arms final yr, with transactions value $14.3 billion — however volumes had been down 4.6 per cent, signalling softer demand.
South Australia led the nation with costs up greater than 20 per cent, whereas Queensland and New South Wales recorded extra modest features of 5.8 per cent and 4.5 per cent respectively.
Western Australia rose 6.7 per cent as consumers centered on larger-scale property.
Elsewhere, Victoria slipped 0.4 per cent amid dry situations and cautious shopping for, whereas Tasmania recorded a pointy 20.6 per cent drop, reflecting the volatility of a tightly held market with restricted inventory.
Even inside states, the hole between common and premium land is widening.
Degraded sugarcane farmland south of Bundaberg is being became a macadamia orchard with greater than 800,000 timber spanning greater than eight kilometres.
In Queensland, farmland within the south-east is now fetching a median $15,682 per hectare — roughly 50 per cent above the state common — whereas Victoria’s Gippsland area is greater than double its state median.
Rabobank stated rising enter prices — notably fertiliser and diesel linked to the Iran struggle — together with the prospect of additional rate of interest hikes, had been epxected to weigh on farm profitability and restrict future value development.
Trying forward, the report suggests development will proceed to degree off.
“A dry seasonal outlook and better operational prices are placing strain on margins,” Ms Redfern stated.
“With the added prospect of rising rates of interest impacting the price of borrowing, we count on to see continued purchaser warning.”
