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AAP

Stephanie Gardiner

Australian farmland values just keep on growing

Queensland Lukas Coch Tasmania Bendigo Bank Drought

Australian farmland values have grown for an 11th consecutive year and further rises are expected. (Lukas Coch/AAP PHOTOS)

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.

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