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ABC News
ABC News
Business
national rural reporter Clint Jasper

High demand and tight supply drive Australian farmland values to new highs

Price growth for Australian farmland continues to outpace the residential property market and the stock market, according to Rural Bank's latest analysis.

In 2022, the national median price per hectare for farmland hit $8,506, a 20 per cent annual rise.

Across the same period the average price for residential property dropped 5.3 per cent, while the ASX200 finished 2022 5.5 per cent lower.

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