Acreage for Sale in Victoria

Acreage for Sale in Victoria in 2020 - A GoRegional Review

If you’re considering buying acreage in Victoria, you’ll be happy to know that the Rural Bank’s Farmland Values report suggests this is a sound financial decision. The median price growth for Victorian acreage last year was 12.1%, the fourth consecutive year of growth, with the median price per hectare sitting at $7,587. The ten-year compound annual growth rate for Victoria sits at 6.8%.

Median hectare prices across Victoria varied with the amount of acreage being sold, as the below table shows: 

Across Victoria, the more land being purchased, the less the cost of each individual hectare. However, parcels greater than 150ha actually experienced a growth of 27.3%, higher than any other. 

To break down our explanation of acreage for sale in VIC, let's look at the performance of farmland in each Victorian region. If you're considering buying a farm in any of these regions, use these data points along with common sense and guidance from appropriate experts to ensure you're getting the best possible price.  

Acreage for sale in North West Victoria

The north-west of the state saw the greatest median growth price growth for its acreage - 31.9% in the past year - on the back of a favourable cropping season and strong livestock prices leading more families to purchase large farms. The median price per hectare for this region was $3,092. 

To break acreage prices down by parcel size in North West Victoria: 

Parcels of 200-300ha performed the most strongly by far, increasing by 48.3% and returning the highest ten-year compound annual growth rate.

Acreage for sale in Northern Victoria

Median price per hectare in the region of northern Victoria increased by 16.1% to $7,331 last year, marking the eighth consecutive year of growth for the region.

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

Median price per hectare growth was highest in the 50-100ha range increasing 25.1%, but larger parcels greater than 150ha recorded the highest compound annual rate over the past ten years.

Acreage for sale in Gippsland

Gippsland, the Victorian region located in the south-east of the state, had the most sought-after land in Victoria with a median price per hectare of $11,002. The region experienced a median price decline of 5.9% last year after two consecutive years of growth of ~15%. Prolonged drought conditions were the reason for this decline.

To break acreage prices down by parcel size in Gippsland: 

Median price per hectare declined for smaller parcels of land last year in Gippsland. 

Acreage for sale in South West Victoria

The region of south-west Victoria saw a median price growth of 16.7% last year, with prices pushed upwards by corporate investors from the city competing with local buyers. The median price per hectare for the region was $8,649.

To break acreage prices down by parcel size in South West Victoria: 

Median price per hectare increased for every parcel size.