The ABARES Farmland Price Indicator provides the latest estimates for Australian broadacre farmland prices through an innovative and simple to operate dashboard. The dashboard is underpinned by a robust and effective ABARES-developed method that ensures estimates are accurate and relevant. All estimates are presented in nominal face value terms and are not adjusted for inflation.
Through the dashboard users can:
- gain valuable insights into market trends
- access reliable information on the value of their farmland assets
- track annual changes over time
- make price comparisons between farming zones
- download data for their own analysis.
ABARES Farmland Price Dashboard
Source: ABARES
This Power BI dashboard may not meet accessibility requirements. For information about the contents of these dashboards contact ABARES.
March 2025 update - key findings
- Broadacre farmland prices in Australia have generally experienced strong growth since 1992, continuing to accelerate in recent years. Prices, however, have flattened off in the last two years.
- The average price per hectare of broadacre farmland has grown at an average annual rate of 10.2% over the last 10 years
- Over the last 10 years, strong average annual growth has been observed in the following sectors:
- cropping farmland (13.7%)
- beef farmland in the southern MLA zone (13.8%)
- Tasmanian dairy farmland (14.1%).
- Average annual price growth over the last 10 years has been lowest for hobby farmland (4.1%) and sugarcane farmland (6.2%).
- The volume of broadacre farmland transactions has decreased, from 4,445 transactions in 2021, to 2,258 transactions in 2024.
Download the data
Supporting data - ABARES Farmland Price Indicator March 2025 – MS Excel [195 KB]
Farmland holds immense economic and ecological significance in the Australian context. For most farm businesses, land is the most valuable asset. For most farm businesses, land is the most valuable asset. Trends in farmland prices are a major driver of business performance and growth over time.
The value of farmland plays a pivotal role in the financial portfolios and overall well-being of Australian farmers (Chancellor and Zhao 2020). Considering that over half of Australia's land mass is dedicated to agriculture, comprehending the changing value of farmland has significant policy implications for land use.
We employ a stratification method that leverages the CoreLogic land transaction data, which serves as the foundation for our calculations. Details of this method can be found here: Measuring Australian broadacre farmland price: A stratification approach.