By Anthony Willmott on LinkedIn
When DAS first collaborated with Rabobank, we were digitising the rural valuation process. Five years on, a big part of the customer value DAS generates is in how our data is combined with our customers’ data to deliver tangible insight.
Case in point: the latest Australian Agricultural Land Price Outlook, based on a $12.3B sales dataset and 3,400 genuine rural sales:
Fusing DAS farmland sales data with Rabobank analysis, the report shows that:
📈 Deals are getting bigger, with 9% of grazing and 6% of arable farm sales exceeding AUD 10M
👩🌾 The median price per ha for arable farmland increased by 27%; with grazing land increasing by 33% and dairy land by 40%
🌾 Victorian cropping land prices increased by a staggering 78% alone, with Queensland cropping land also up 63%
🦘Price growth for Australian cropping land has outpaced that of the US, Canada and Western Europe, and that grazing land prices had also grown more in Australia than in North America and Europe
You can read the full AFR article related to the Rabobank 2022 Australian land price outlook here.