Acreage for Sale in Queensland

Acreage for Sale in Queensland in 2020 - A GoRegional Review

Median price per hectare of acreage in Queensland saw a slight decrease this past year. It was down by 0.8% to $4,650 per hectare, according to Rural Bank's Farmland Values report. However, Queensland has a solid five-year average of 4.9% annual growth, so this small decline isn't indicative of larger trends, but rather of ongoing drought that decreased acreage prices last year - especially in the south of the state.

Farmland prices across Queensland varied with the amount of land being sold, as shown below: 

There was growth in the median price per hectare for the smaller parcel sizes - the greatest being a 16.5% increase in median price per hectare for parcels of 30-50ha - but a slight decline in this price for larger properties. The 30-50ha range also had the highest 10-year average annual growth rate. 

To break down our explanation of acreage for sale in Queensland, we will now turn to the median price per hectare of each region of the state. If you're considering purchasing a rural property in one of these regions, use these data points along with common sense and  expert guidance to ensure you're getting the best possible price.  

Acreage for sale in North Queensland

North Queensland had a good year for farm prices. It saw a slight increase of 3.5% in median price per hectare, taking the price to $8,947. The Cassowary Coast area in particular saw great interest from buyers looking for grazing and horticulture properties, although there was significant demand for these kinds of properties across the state.  

To break acreage prices down by parcel size in North Queensland: 

The 200ha+ range saw the greatest increase in median price per hectare (37.7%) while in the 100-200ha range this price declined by 8.8%. In the long term, properties in the 30-50ha size range have returned the highest annual average growth rate. 

Acreage for sale in Central Queensland

In Central Queensland, median price per hectare decreased by 9.9% to $2,712 per hectare. However, this decline was more due to a lack of smaller properties for sale than a lack of demand - properties that did list got significant attention.

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

Median price per hectare decreased across most parcel sizes, with the only exception being an increase of 5.3% for the 600+ha range. Properties in this range also returned the highest average annual growth rate in the long term. 

Acreage for sale in West Queensland

West Queensland saw a 11.7% decline in median price per hectare of farmland, taking this value to $317. However, this was due more to the fact that the region had a high proportion of large parcels of land transacted over the past year (which tend to go for a lower price per hectare) than a decline in demand.

To break acreage prices down by parcel size in West Queensland: 

Median price per hectare increased across most parcel sizes, with the greatest increase in the 2500-7500ha range - 54.5%. 

Acreage for sale in South Queensland

Despite dry conditions, demand remained strong for properties in South Queensland this past year. This region saw the greatest growth in median price per hectare of farmland of any Queensland region, up by 14.5% to $7,268 per hectare. 

To break acreage prices down by parcel size in South Queensland: 

Median price per hectare increased strongly over all parcel sizes, reflecting significant demands for quality properties in the region. The greatest price increase was of 21.4% in the 100-200ha range.