April 4, 2022

By Michelle Pelletier Marshall, Global AgInvesting Media

Elders Real Estate of Australia has launched a quarterly update – Elders Rural Property Update – that provides quarterly data and analysis on the value and volume of rural property at national, state, and regional levels.

Highlights of the update, which covers Q4 of 2021, include increases in median price per hectare of 3.6 percent, and transaction volume that has increased by 3.4 percent. “In 2021 we saw even greater confidence in the agriculture sector off the back of exceptional seasonal conditions, high commodity prices and favorable interest rates,” said Tom Russo, Elders executive general manager real estate. “There remains a seemingly insatiable appetite for Australian farmland from both local players and large institutional investors. Elders’ updates will support decision making in this area and provide greater insight into the drivers behind, and the outcomes of, future trends.”

GAI News had the chance to sit down with the primary author of the Rural Property Update, Matt Ough, and also get input from Mark Barber, head of agribusiness investment services for Elders. For Ough, who has been analyzing data such as this for nearly a decade, “this [2021] was a year like no other” with high land values led by strong demand in Queensland, South Australia, and Tasmania.

Watch the brief video interview for key insights, and download the 30-page Elders Rural Property Update here.

– Michelle Pelletier Marshall is contributing editor and author for HighQuest Partners’ GAI News and Unconventional Ag, and managing editor for its WIA Today blog. Additionally, she is the company’s Senior PR/Media Manager. She can be reached at marshall@highquestpartners.com.

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