THE pace of growth in Australian broadacre farmland prices is moderating across most regions and commodity types, according to latest ABARES data.

ABARES’ Farmland Price Indicator update released this week shows the average price per hectare of broadacre farmland has grown at an average annual rate of 9.8 percent over the last decade.

Strong average annual growth has been observed in cropping farmland (14.2pc), Southern Australian beef farmland (14.1pc) and dairy farmland (11.8pc). Lowest average annual price growth over the last ten years has been seen in vineyards (6.4pc) and cane farming (4.4pc).

Beef land values are divided into northern and southern under ABARES analysis.

For northern beef (Queensland, NT and northeastern WA), last calendar year’s average price per hectare recorded across 194 eligible farms was $7205/ha, up $954/ha or 15pc on the 2024 year. Ten years ago, the region’s average land price was $2906/ha.

For the southern Australia beef region, average price last year on 148 eligible holdings sold was $16,466/ha, down 1pc on the previous year. Ten years ago, the southern region’s average price was $5806.

Southern Australian beef property land values – average annual price

ABARES executive director Dr Jared Greenville said prices had increased in 2025 but more gradually across most farmland types.

“Slower growth in farmland prices observed over the last few years has been seen across most farmland types, potentially supporting opportunities for expansion or entry into the sector,” Dr Greenville said.

“However, the high baseline of farmland prices also has the effect of extending equity and incentivising capital investment.”

While price growth has slowed across most farmland types, there has been variation across Australia. Broadacre farmland price growth in Tasmania and Victoria remains above the national average for the past decade, with average annual growth rates of 14.5pc and 13.3pc respectively.

ABARES Farmland Price Indicator

The ABARES Farmland Price Indicator provides estimates for Australian broadacre farmland prices through an innovative and simple dashboard, underpinned by an ABARES-developed methodology that aims to ensure estimates are accurate and relevant. All estimates are presented in nominal face value terms and are not adjusted for inflation.

The ABARES Farmland Price Indicator dashboard can be accessed here: https://www.agriculture.gov.au/abares/data/farmland-price-indicator