New South Wales New South Wales 6.4 % Average annual growth over 5 years AVERAGE ANNUAL MEDIAN PRICE GROWTH 217 8.8% 5 years 6.4% 1 years 4.% 2 years 7.% Northern 7. % Western 5.6 % Central 4. % Southern 6.9 % South East 6.2 % Average annual growth over five years 6
$4,5 $4, $3,5 $3, $2,5 $2, $1,5 $1, $5 New South Wales 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 6, 5, 4, 3, 2, 1, The median value of farmland in New South Wales (NSW) increased by 8.8 per cent to $3,946/ha in 217, following a 1.1 per cent increase in 216. The median value per hectare has recorded positive growth for the last four years, averaging 9.1 per cent since 214. action volume has remained flat, indicating a plateau of supply which has led to increased demand from NSW buyers. In 217, the estimated number of farmland transactions was 3,74, a decrease of 4.7 per cent compared to 216. Approximately 2.2 million hectares of farmland was traded in 217, an increase of 13 per cent compared to 216. The area of farmland traded has increased for the last three consecutive years. The total value of farmland value traded in NSW was approximately $3.7 billion in 217. 7
New South Wales Performance by land size Parcel size (ha) 213 214 215 216 217 3-99 37% 5,24 41% 5,876 43% 6,41 44% 7,14 43% 7,467 1-299 31% 2,53 3% 2,719 28% 2,818 27% 3,7 27% 3,388 3-499 12% 1,889 1% 1,963 11% 2,26 1% 2,188 1% 2,297 5+ 2% 1,259 19% 991 18% 1,249 19% 1,349 19% 1,672 Overall 3,594 2,789 3,843 2,989 3,825 3,294 3,924 3,628 3,74 3,946 = actions The median price increased across all parcel sizes in 217. Smaller parcels between: 3-99 hectares increased by 5.1 per cent 1-299 hectares increased by 12.7 per cent 3-499 hectares increased by five per cent 5+ hectares increased by 24 per cent. Over the last five years the 5+ hectare bracket has averaged 1.1 per cent growth in median value: 3-99 hectares 6.6 per cent 1-299 hectares six per cent 3-499 hectares 2.6 per cent. The mix of parcel sizes traded in 217 was largely unchanged, however volume was down across all parcel sizes except for the 3-499 hectare bracket, which reported an increase of 2.6 per cent. There were fewer listings in 217, however demand remained strong. A greater percentage of off-market sales occurred with robust demand from domestic and international investors. Commodity prices, interest rates and debt levels are key drivers of current land value trends. Richard Gemmell, Elders.
$5, $4,5 Northern 2,5 $4, 2, $3,5 $3, 1,5 $2,5 $2, $1,5 1, $1, 5 $5 2 23 24 27 28 2 25 211 23 212 214 21 21 215 24 29 25 216 26 26 27 213 22 22 2 28 21 21 29 217 22 21 211 212 213 214 215 216 217 $14 Western 1 $12 $1 $8 $6 9 8 7 6 5 4 $4 $2 3 2 1 $6, South East 1,2 $5, 1, $4, 8 $3, 6 23 $2, 24 25 4 26 27 $1, 28 29 2 21 211 212 213 214 215 216 217 9
New South Wales $3,5 1,2 $3, 1, $2,5 8 $2, $1,5 6 $1, 4 $5 2 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 $4, Central 2, $3,5 $3, $2,5 1,8 1,6 1,4 1,2 $2, 1, $1,5 $1, $5 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 8 6 4 2 The median value per hectare in Northern NSW increased by 6.1 per cent in 217. The volume of transactions fell by eight per cent. The increase in median price was due to growth in the median price in the municipalities of Walgett, Uralla and Gunnedah. Central NSW values increased by 6.8 per cent and transaction volume decreased by five per cent. Municipalities that contributed to the increase in median value included Parkes, Warren and Gilgandra. In Western NSW, median value decreased by 25.7 per cent in 217 and transaction volume was flat. The municipalities of Balranald and Cobar contributed to the decline. The median price in South East NSW increased by eight per cent and transaction volume increased 1.6 per cent. The municipalities of Yass Valley and Upper Lachlan led growth in values in the region. Southern NSW values increased by 24.3 per cent in 217 while transaction volume decreased by 1.2 per cent. The municipalities of Murray River, Carrathool and Murrumbidgee led the growth in median price.
Farmland sales by municipality New South Wales MUNICIPALITY REGION MEDIAN $/HA EST. # 217 3 YEAR AVG SALES 217 Albury* Southern 4,72 2 Armidale Northern 2,987 3,649 59 Ballina Northern 13,318 11,45 14 Balranald Western 159 148 6 Bathurst Central 5,592 4,166 54 Bega Valley South East 7,129 6,591 61 Bellingen Northern 8,963 9,356 28 Berrigan Southern 4,188 3,571 9 Bland Southern 1,882 1,63 58 Blayney Central 9,562 7,134 17 Bogan Central 445 45 13 Bourke Western 77 72 8 Brewarrina Western 198 186 7 Byron* Northern 16,134 3 Cabonne Central 6,215 5,15 53 Carrathool Southern 1,222 991 19 Central Darling Western 79 63 9 Cessnock Central 9,589 11,525 39 Clarence Valley Northern 5,159 5,69 181 Cobar Western 124 111 14 Coffs Harbour Northern 13,941 9,55 14 Coolamon Southern 3,996 3,21 13 Coonamble Central 1,483 1,265 29 Cootamundra-Gundagai Southern 4,786 4,5 38 Cowra Central 5,741 5,237 44 Dubbo Central 2,321 2,455 55 Dungog Central 6,92 7,315 53 Edward River Southern 2,768 2,643 34 Eurobodalla South East 11,357 9,63 25 Federation Southern 4,764 3,799 15 11
MUNICIPALITY REGION MEDIAN $/HA EST. # 217 3 YEAR AVG SALES 217 Forbes Central 2,948 2,579 31 Gilgandra Central 2,115 1,752 29 Glen Innes Severn Northern 3,295 2,94 48 Goulburn Mulwaree South East 8,73 7,889 84 Greater Hume Southern 5,57 4,897 52 Griffith Southern 1,931 2,422 5 Gunnedah Northern 5,244 4,51 53 Gwydir Northern 2,153 1,952 67 Hay Southern 429 446 1 Hilltops Southern 3,815 3,964 62 Inverell Northern 2,748 2,639 73 Junee Southern 5,181 4,298 6 Kempsey Northern 6,31 5,711 67 Kyogle Northern 4,873 4,756 9 Lachlan Central 1,159 1,47 49 Leeton Southern 3,22 2,878 16 Lismore Northern 1,266 9,652 48 Lithgow Central 5,73 6,53 45 Liverpool Plains Northern 3,992 3,98 27 Lockhart Southern 4,692 3,717 18 Maitland Central 13,876 15,417 4 Mid-Coast Central 8,646 7,529 29 Mid-Western Central 3,424 3,158 114 Moree Plains Northern 3,99 2,962 52 Murray River Southern 2,299 1,851 52 Murrumbidgee Southern 2,985 2,362 34 Muswellbrook Central 7,295 7,533 33 Nambucca Northern 6,46 7,227 32 Narrabri Northern 2, 2,31 76 Narrandera Southern 2,471 2,187 21 Narromine Central 2,85 2,336 43 Oberon Central 5,229 5,46 33
MUNICIPALITY REGION MEDIAN $/HA EST. # 217 3 YEAR AVG SALES 217 Orange* Central 12,987 3 Parkes Central 2,65 1,728 39 Port Macquarie-Hastings Northern 8,271 8,258 84 Queanbeyan-Palerang South East 5,39 5,189 87 Richmond Valley Northern 5,836 4,841 71 Shoalhaven South East 19,4 16,81 24 Singleton Central 1,516 7,8 55 Snowy Monaro South East 2,299 2,199 11 Snowy Valleys Southern 3,691 3,145 3 Tamworth Northern 4,161 4,6 13 Temora Southern 3,583 3,116 23 Tenterfield Northern 2,215 2,18 83 Tweed Northern 14,463 13,597 18 Unincorporated Far West* Western 5 3 Upper Hunter Central 2,71 2,949 49 Upper Lachlan South East 5,481 4,216 99 Uralla Northern 3,76 2,886 23 Wagga Wagga Southern 4,449 4,251 51 Walcha Northern 4,93 4,26 27 Walgett Northern 1,321 971 18 Warren Central 1,776 1,335 24 Warrumbungle Central 1,76 1,71 11 Weddin Central 2,848 2,595 29 Wentworth* Western 8 3 Yass Valley South East 7,297 5,648 35 Central 3,697 3,414 1,247 Northern 4,358 4,57 1,359 Western 96 12 5 Southern 3,33 2,94 568 South East 5,489 5,134 516 * Price information with a small volume of transactions should be used with caution. The median price for municipalities with less than four sales in 217 is not reported. 13