According to The Australian Financial Review today, the value of agricultural land sales across Australia in the 12 months to May reached $14.94 billion, up from $13.72 billion in the year to November as investors and farmers took advantage of low interest rates and optimistic beef and cotton prices.
There were 50 farm sales of more than 2000 hectares in NSW's far west worth a total of $133 million.
In the Central West at Landmark Harcourts Forbes, Ainslie Toole said the number of sales and listings were starting to grow.
"We have negotiated a number of properties in the last month," she said, "Rural property can be a bit like a rollercoaster sometimes, but things are certainly on the rise although not like 2006 and 2007."
In Victoria there was $3.4 billion worth of sales, with only four sales of more than 2000 hectares.
Queensland registered $1.5 billion worth of sales in the 12 months to May. About 36 per cent of the value of sales was for farms of more than 2000 hectares.
In South Australia sales for the period hit $827 million while Western Australia hit $1.6 billion with only two properties over 2000 hectares selling during that period.
Tasmania registered $484.7 million in sales and there was $225 million of sales in the Northern Territory where more than 17 per cent were for farms of more than 2000 hectares.
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