{"id":12518,"date":"2023-11-30T17:19:04","date_gmt":"2023-11-30T17:19:04","guid":{"rendered":"http:\/\/thestar.test\/2023\/11\/30\/demand-for-land-drives-value\/"},"modified":"2023-12-02T18:30:43","modified_gmt":"2023-12-02T18:30:43","slug":"demand-for-land-drives-value","status":"publish","type":"post","link":"https:\/\/thestar.com.au\/blog\/demand-for-land-drives-value\/","title":{"rendered":"Demand for land drives value"},"content":{"rendered":"
\t\t\t\tWednesday, June 13th, 2018<\/span> | Posted by Sarah Vella<\/a><\/span> \t\t\t<\/div>\n

\t\t\t \t\t\t<\/p>\n

Demand for land drives value<\/h1>\n

FARMLAND values in Bass Coast and South Gippsland continued to increase in 2017, a trend replicated across most of the state.
Last year in Bass Coast Shire, the median price per hectare was $16,144, nearly $2000 up on the three year average of $14,164.
There was an estimated 26 farm sales in Bass Coast in 2017, while in South Gippsland there was 103 estimated sales.
South Gippsland\u2019s median price per hectare in 2017 was $12,982, just $700 up on the three year average of $12,290.
In Gippsland last year, the median price of farmland increased by 15.4 percent, well above the state average of 9.5 percent.
According to Rural Bank\u2019s third annual Australian Farmland Values report, in 2017smaller blocks in Gippsland sold at a premium price.
Some were purchased as additions to existing farms, but in the 30 hectare to 50 hectare market, there was a higher percentage of lifestyle purchases.
Leongatha Alex Scott and Staff agent Peter Dwyer said there had been good enquiry for all types of grazing blocks, dairy blocks and farms.
\u201cApart from a bit of a dry autumn this year, the past two years have had fairly consistent seasons which has helped demand generally,\u201d he said.
\u201cCattle prices are also holding pretty steady.\u201d
Mr Dwyer said interest in South Gippsland comes from various areas.
\u201cWe have had enquiries from East Gippsland for grazing blocks and local interest is good too. It is a big area with some big farmers, so a lot of people are looking for a bit more land,\u201d he said.
\u201cI think our country is still good value. It is a good region to come to with good rainfall and it is close to the metropolitan area.
\u201cAll these things help to keep demand high.\u201d
Chief executive officer of Rural Bank Alexandra Gartmann said the results of the 2017 report underlined the inherent value of Victorian farmland, while reinforcing the importance of taking a long-term view.
\u201cVolatile climate and market conditions characterise farming across the country and as a result, it is inevitable these \u2013 alongside many other factors \u2013 will contribute to fluctuations in farmland values,\u201d she said.
\u201cOverall, buyers in the market exceeded supply in 2017, and with strong commodity prices and record low interest rates expected to continue, demand for Victorian farmland is set to remain strong.\u201d<\/p>\n

\"\"<\/a><\/p>\n

Going up: Leongatha Alex Scott and Staff agent Alan Steenholdt at a Nerrena Road property of 142 hectares on the edge of Leongatha. Farmland values in South Gippsland have increased over the past year.<\/p>\n<\/div>\n

Short URL<\/strong>: \/?p=25144<\/small><\/p>\n

<\/div>\n
\t\t\t\t\t\t\t\t\t\tPosted by Sarah Vella<\/a> \t\t\t\t\t\t\t\t\t\ton Jun 13 2018. Filed under Rural News<\/a>. \t\t\t\t\tYou can follow any responses to this entry through the RSS 2.0<\/a>. \t\t\t\t\t\t\t\t\t\tYou can leave a response or trackback to this entry\t\t\t\t\t\t \t\t\t\t\t<\/p>\n
<\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Wednesday, June 13th, 2018 | Posted by Sarah Vella Demand for land drives value FARMLAND values in Bass Coast and South Gippsland continued to increase in 2017, a trend replicated across most of the state. Last year in Bass Coast Shire, the median price per hectare was $16,144, nearly $2000 up on the three year […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,1],"tags":[],"_links":{"self":[{"href":"https:\/\/thestar.com.au\/wp-json\/wp\/v2\/posts\/12518"}],"collection":[{"href":"https:\/\/thestar.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thestar.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thestar.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thestar.com.au\/wp-json\/wp\/v2\/comments?post=12518"}],"version-history":[{"count":1,"href":"https:\/\/thestar.com.au\/wp-json\/wp\/v2\/posts\/12518\/revisions"}],"predecessor-version":[{"id":15220,"href":"https:\/\/thestar.com.au\/wp-json\/wp\/v2\/posts\/12518\/revisions\/15220"}],"wp:attachment":[{"href":"https:\/\/thestar.com.au\/wp-json\/wp\/v2\/media?parent=12518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thestar.com.au\/wp-json\/wp\/v2\/categories?post=12518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thestar.com.au\/wp-json\/wp\/v2\/tags?post=12518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}