Acreage for Sale in NSW

Acreage for Sale in NSW in 2020 - A GoRegional Review

The state of New South Wales has enjoyed an extremely strong year in terms of its land prices. NSW's acreage saw a 17.2% median price growth in the past year, taking the median value of a hectare to $5,066. This was the state's sixth consecutive year of growth, a phenomenon underpinned by strong livestock values and a high demand for pasture.

To analyse land prices in NSW more closely, consider the table below, which shows the median price per hectare for plots of land of different sizes. 

All parcel sizes saw a growth in their median price per hectare last year. The most significant growth, however, was in parcels of 50-150ha and those greater than 250ha, the median prices of which increased by 21.3% and 20.8% respectively in the past year. 

We will now take a look at acreage prices in each region of NSW. If you're considering buying a farm in any of these five regions, use these median price points along with common sense and expert advice to ensure you're getting the best possible price.  

Acreage for sale in Northern NSW

Northern NSW saw the greatest increase in median price per hectare of any region in NSW last year. The increase of 23.7% - the region's second consecutive year of double-digit growth - brought the median price per hectare to $5,965, despite droughts and fires in the area. 

To break acreage prices down by parcel size in Northern NSW: 

Median price per hectare increased for all land parcel sizes. The increase was most dramatic for parcels of 250+ha, which saw a growth of 38.4% and also returned the highest ten-year average growth rate. 

Acreage for sale in Central NSW

The median price per hectare of land in Central NSW increased by 18.3% last year to $4,716, the region's sixth consecutive year of growth. The strong demand for acreage in the region shows that confidence in strong commodity prices have led buyers to overlook the past year's dry conditions.  

To break acreage prices down by parcel size in Central NSW: 

Median price per hectare increased over all parcel sizes, reflecting strong demand; the highest increase was of 35.1% in the 200-350ha parcel size range. 

Acreage for sale in Southern NSW

In Southern NSW, the median acreage price increased last year by 20.3% to $4,458, the third consecutive year of double-digit growth in the region. This shows strong demand for properties in the region, particularly in its high-rainfall areas, despite tough seasonal conditions last year. 

To break acreage prices down by parcel size in Southern NSW: 

Median price per hectare increased across all parcel sizes, indicative of strong demand. The greatest increase was of 31.0%, in the 30-100ha range. 

Acreage for sale in South East NSW

Median price per hectare in South East NSW enjoyed its sixth consecutive year of growth last year, with a 19.5% increase taking its value to $6,972. This reflects buyers' confidence in the region's high-rainfall grazing land and high livestock prices. 

To break acreage prices down by parcel size in South East NSW: 

Acreage for sale in Western NSW

The median price per hectare in Western NSW decreased by 11.2% last year to $128, following a 50.1% increase last year. This decline was more due to the transactions that were taking place than to a decline in demand - there was a high proportion of large land holdings sold, and these attract a lower price per hectare. 

To break acreage prices down by parcel size in Western NSW: 

Median price per hectare decreased for all parcel sizes except the 10000-15000ha range, which increased by 17.6%. The greatest decrease, of 32.7%, was in the 15000+ha range.