Australian farmland prices have seen their highest growth in 27 years with land values increasing by 20 per cent in the past year, according to a Rural Bank report released on Tuesday.
The Australian farmland value report which analysed data from 1995 onwards found the median price of rural land grew for an eighth year straight in 2021, a total of 123 per cent since 2014, and now sits just above $7000 per hectare.
