Farmland across Queensland is booming, following eleven years of unbroken growth, however the Far North has recorded a decline in the price of properties.
The median price of farmland rose to a record level in 2024 across the state but the Far North recorded a drop of 10.9 per cent to a price of $14,599/ha. This saw it lose the mantle of highest valued region in Queensland with lower priced lots being favoured.
The number of transactions lifted 18.7 per cent on 2023 to 127, which was the third lowest number of transactions since 1995.
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Bendigo Bank Agribusiness Neil Burgess says across the board, a Denmark-sized amount of farmland was traded last year – with the median price of farmland in Australia rising to an all-time high.
