Prices For Acreage For Sale Tasmania In Record High Territory

Acreage For Sale Tasmania: Farmbuy.com Buyers' Guide

Tasmanian farmland values rose for the third consecutive year to hit record highs again in 2021 as the constrained supply of farmland and strong demand amidst an increased appetite for expansion supported land values.

This led to a 7.6 per cent rise in median price to $14,730/ha, further pushing farmland prices into record territory following the 25.3 per cent increase recorded in 2020, according to the 2022 Rural Bank Farmland Values Report.

Above: Tasmanian farmland values rose for the third consecutive year to hit record highs again in 2021

The increase in median price during 2021 came in well below the five-year CAGR of 11.2 per cent and is more in line with the longer-term 20-year CAGR of 8.9 per cent.

The growth in median price was observed across all regions of the state. South Tasmania recorded the largest increase in median prices as a drop off in transactions located within the lower-priced Central Highlands pushed the median higher.

Growth throughout the Northern and North West regions of 4.8 per cent and 7.8 per cent respectively were also recorded as strong seasonal conditions across much of the state left dairy and beef producers in a healthy position, resulting in increased demand for grazing land.

Flinders Island saw prices rise, though the small number of transactions recorded across the region has seen the median remain volatile over the last few years. King Island recorded a decline in median price, albeit off a low base of transactions.

Above: The decline in transaction volume saw the proportion of transactions shift towards the higher end of the market in 2021

Potential buyers had to complete for even fewer properties in 2021 in comparison to 2020 with the state-wide transaction volume falling 15.2 per cent to just 189 transactions, 18.1 per cent below the 10-year average. This is the fourth consecutive year that transaction volume across the state has declined.

The fall in transaction volume was seen across both the North West and South regions of the state. The North West region fell 19.3 per cent in 2021 while the South recorded a 40.7 per cent decline. The Northern region recorded a 9.3 per cent rise in transactions.

All up, an estimated 46,971 hectares of land was traded in 2021, a large jump from 2020 and the largest area of land sold across the state since 2008 when there were almost twice as many transactions recorded. This increase in land traded, paired with an increase in farmland prices, saw the total value of farmland traded increase by 67 per cent to a record $536.9 million.

Notably, the decline in transaction volume saw the proportion of transactions shift towards the higher end of the market in 2021. The decline in lower-priced transactions and subsequent increase in higher-priced transactions was mainly driven by the Northern and North West regions while the South region saw the profile of transactions by price range shift away for the lower (under $4,000/ha) and higher (above $20,000/ha) price brackets and consolidate more towards the middling $4,000-$16,000/ha ranges.

Above: There were a greater proportion of medium to large parcel sizes and fewer small parcel transactions in 2021

Tasmanian farmland transactions reversed the trend seen in 2020 with a greater proportion of medium to large parcel sizes and fewer small parcel transactions. The South, which recorded the largest increase in median price, saw a more mixed spread of transactions with a greater proportion of transactions within both the 15-40 hectare range and the larger than 120 hectare range while the 40-120 hectare segment saw fewer transactions in comparison to 2020.

Looking ahead to 2022, strong seasonal conditions and commodity prices are likely to ensure demand remains high, at least in the short term. A large number of buyers have also missed out on purchasing properties over the past two years due to the surge in values which should keep demand strong, particularly across the less expensive areas. Underlying fundamentals are likely to place some pressure on values over the coming 12-24 months with rising interest rates and higher input costs likely to see some caution come into the market from prospective buyers.

Acreage For Sale Tasmania: Northern

The median price per hectare of farmland in the Northern region of Tasmania stabilised to some extent in 2021, increasing by a healthy 4.8 per cent following substantial rises of 21 per cent and 26.1 per cent in 2020 and 2019 respectively.

These consecutive years of growth have pushed the five-year CAGR to 15 per cent with the 20-year CAGR now sitting at 8.9 per cent.

Above: The median price per hectare of farmland in the Northern region increased by a healthy 4.8 per cent in 2021

The majority of municipalities across the region recorded an increase in median price with only the Northern Midlands and Break O’Day municipalities seeing a decline due to a drop off in availability of smaller, more expensive land parcels. Launceston, Dorset and Georgetown were some of the best performing.

Buyer demand across the region remained strong with a 9.3 per cent increase in transaction volume throughout 2021 as existing landholders looked to cash in on the strong demand and high farmland prices.

This increase in transaction volume was skewed towards larger parcel sizes, which are typically priced at a lower price per hectare.

Click on the following link for acreage for sale Tasmania Northern region.

Acreage For Sale Tasmania: North West

North West Tasmania recorded growth in median price per hectare for the third consecutive year in 2021. A rise of 7.8 per cent in 2021 saw the median price per hectare across the region reach $18,832/ha following a substantial jump of 26.7 per cent in 2020. This increase is in line with the five-year CAGR of 8.2 per cent.

Growth in median price per hectare was relatively consistent across the region with six out of the eight municipalities recording an increase. Only Circular Head and Kentish recorded year-on-year declines. 

Transaction volumes across the region fell 19.3 per cent in 2021. This follows a decline of 9.8 per cent in 2020, with the lack of farmland availability and strong demand, particularly from corporate buyers and large family farms, a key factor behind rising prices across the region over the past couple of years.

Above: North West Tasmania recorded growth in median price per hectare for the third consecutive year in 2021

The decline in transaction volume was concentrated on lower-priced transactions in 2021 with 40.6 per cent fewer transactions below $12,000/ha while transactions over $16,000/ ha fell by only 14.5 per cent compared to 2020.

Interestingly, the proportion of smaller properties traded also declined in 2021. Meanwhile, transactions within the 40-80 hectare range accounted for 41 per cent of regional transactions, up from 23 per cent in 2020.

Median price growth was recorded across all parcel size ranges, led by the 40-80 hectare range. However, it is the largest parcel size range of over 120 hectares that holds the highest longer-term growth rates with a 10-year CAGR of 10.8 per cent.

Fewer transactions were recorded across all parcel size segments in the market but larger declines were seen in medium-sized transactions between 40-120 hectares.

Click on the following link for acreage for sale Tasmania North West region.

Acreage For Sale Tasmania: South

The South region of Tasmania recorded a rebound in the median price per hectare of farmland in 2021, rising for the first time since 2017. Growth in the median price was at record levels in 2021, rising 50.9 per cent to $7,630/ha.

This was the largest year-on-year growth in median price seen across the region over the past 20 years in both dollar and percentage terms. Increases in median per hectare of farmland were recorded in six of the region’s 10 municipalities.

The number of transactions within the South region declined for the fourth year in a row with total transaction volume dropping 40.7 per cent to 32 in 2021, a record low for the region.

Above: Growth in the median price of farmland in the South region was at record levels in 2021, rising 50.9 per cent

The drop in transactions was spread across most of the region with only the Derwent Valley, one of the higher-priced municipalities in the region, recording an increase in transaction volume. The decline in transaction volume was primarily seen in the lower-priced transaction ranges.

Reduced supply of land contributed to all parcel size ranges recording considerable rises in median prices per hectare in 2021. Unlike other regions in the state, the smaller parcel size ranges in South Tasmania have the highest longer-term growth rates with 10-year CAGRs of 7.5 per cent for 40-80 hectares and 4.4 per cent for 15-40 hectares.

Click on the following link for acreage for sale Tasmania South region.

For those looking to buy acreage for sale Tasmania, farmbuy.com has curated its favourite acreage for sale Tasmania below. Or click on the following link to check out almost 300 acreage for sale Tasmania.

Acreage For Sale Tasmania: 45 Honeys Road, Flowerpot

Set amidst picturesque rolling green hills, with a stunning natural bush backdrop, and overlooking the magnificent D'Entrecasteaux Channel, this acreage for sale is quintessential Tasmanian living at its best.

Above: This acreage for sale Tasmania is set amidst picturesque rolling green hills and overlooks the magnificent D'Entrecasteaux Channel 

Built by locally renowned construction company Reynolds Design and Building, the home is designed to maximise living space whilst creating a serene and peaceful retreat.

Above: This acreage for sale Tasmania boasts elevated views that reach as far as Fluted Cape on Bruny Island in the south

Powered by a 9kW solar system with 36 panels, a partially covered deck wraps the home on three sides, extending the living space and promoting an easy connection to the natural surrounds.

Above: This acreage for sale Tasmania features a partially covered deck that wraps the home on three sides

Elevated views that reach as far as Fluted Cape on Bruny Island in the south, across the Tasman Peninsula and back toward Hobart in the north, will have you mesmerised by the expansive ever-changing scenery.

Above: This acreage for sale Tasmania will have you mesmerised by the expansive ever-changing scenery

At the heart of this home is the impressive open-plan kitchen, living and dining space. Stunning Tasmanian oak flooring and extensive cedar framing add warmth to an otherwise bright and contemporary space. The kitchen impresses with generous workspaces centred around fabulous granite bench tops, with excellent appliances including induction cooktop, pyrolytic oven and warming drawer.

Above: This acreage for sale Tasmania includes an impressive open-plan kitchen, living and dining space

The double glazing throughout and use of insulation in all walls, ceiling, and flooring, further enhances the quiet calm and comfort of the home. A wide hallway leads to the three double bedrooms, all boasting breath-taking water views. The master has a spacious walk-in wardrobe and ensuite. The study could easily serve as a fourth bedroom.

Above: This acreage for sale Tasmania offers a master bedroom with spacious walk-in wardrobe and ensuite

Well-thought-out spaces sees an undercover entertaining area and boot room which also provides an all-weather BBQ area and shelter to and from the double garage.

Above: This acreage for sale Tasmania features stunning Tasmanian oak flooring and extensive cedar framing throughout

Further shedding includes a large, well-appointed caravan bay, double open-fronted shed, second double garage and workshop, and further under house storage area.

Above: This acreage for sale Tasmania includes a double open-fronted shed, second double garage and workshop

There’s also an exceptional, fully fenced vegetable garden, chook run and established orchard that will keep the family happy year-round, serviced by two dams, 10,000-gallon water storage and sprinkler system.

Above: This acreage for sale Tasmania boasts a fully fenced vegetable garden, chook run and established orchard

Flowerpot is an incredibly picturesque suburb in the heart of the famed Channel region just 40 minutes south of the Hobart CBD.

Click on the following link for more information on this acreage for sale Tasmania at 45 Honeys Road, Flowerpot.

Acreage For Sale Tasmania: 765 Back Tea Tree Road, Tea Tree

‘Glen Quoin’ has remained in the same family for just short of 200 years, and is for sale for the first time.

Above: This acreage for sale Tasmania is offered for the first time in just short of 200 years

This acreage property is ideally situated in Tasmania's Coal River Valley region within 30 minutes' drive of the Hobart CBD, and 20 minutes from the city’s international airport.

Above: This acreage for sale Tasmania is set on 233.1 hectares and is presently run as a high-quality farming operation

Set on 233.1 hectares, the property features a comfortable four-bedroom weatherboard and brick dwelling situated amongst an established garden, with old deciduous trees, original hedging, post-and-rail fence, and the original hand-made brick stables, now a garage, farm office and storage area.

Above: This acreage for sale Tasmania features a comfortable four-bedroom weatherboard and brick dwelling

‘Glen Quoin’ is presently run as a high-quality farming operation, featuring an abundance of water. The property has potable water, and in addition there are 3.5 pivot sites, serviced by one towable pivot and a fixed pivot.

Above: This acreage for sale Tasmania features an abundance of water and well-developed irrigation infrastructure

There is 80 hectares of irrigated land (class 4). The property is well developed with irrigation infrastructure, including on-farm storage of 131.25 megalitres (two dams), water rights of 20 megalitres, a recycled water allocation and an opportunity to purchase additional rights from Tas Irrigation. Expressions of Interest for 200 megalitres (from the proposed Greater South East Irrigation Scheme) has been lodged by the vendor.

Above: This acreage for sale Tasmania include a shearing shed and stockyards, and machinery and implements sheds

Farm improvements include a shearing shed and stockyards, machinery and implements sheds, silos and a workshop.

Click on the following link for more information on this acreage for sale Tasmania at 765 Back Tea Tree Road, Tea Tree.

Acreage For Sale Tasmania: 43 Turkey Farm Road, Glengarry

‘Glen Acres’ boasts the lifestyle appeal of a rural retreat, the rewards of primary production and the convenience of easy access to Launceston.

Above: This acreage for sale Tasmania comprises some 61.5 hectares of rolling pastures suitable for beef fattening

Some 61.5 hectares (152 acres) of rolling pasture surround a double brick four-bedroom, two-bathroom residence that’s an inviting modern interpretation of classic homestead traditions featuring wrap-around verandas and stunning outlooks over the entire property.

Above: This acreage for sale Tasmania includes a four-bedroom residence that’s a modern interpretation of the classic homestead

The home’s 11kw solar panel system and Tesla battery storage reflect a progressive approach that’s enhanced by a double carport which is EV ready and features three-phase power.

Above: This acreage for sale Tasmania has more recently delivered great returns as a pasture-based beef fattening property

Formerly a productive hazelnut farm, ‘Glen Acres’ has more recently delivered great returns as a pasture-based beef fattening property, specifically Black Angus. The land holding comprising 61.72 hectares includes some 2.8 hectares of 11-year-old hazelnut trees, 12.2 hectares of E. Globulus regrowth production timber, and the balance being of green perennial pastures.

Above: Formerly a productive hazelnut farm, this acreage for sale Tasmania includes some 2.8 hectares of 11-year-old hazelnut trees

Over 1km of frontage to Tunks Creek complements ‘Glen Acres’, where 10 stock dams, efficient water courses and a 10-megalitre dam once dedicated to irrigation ensure a consistent supply of water while several substantial modern sheds illustrate impressive improvements.

Above: This acreage for sale Tasmania includes 10 stock dams, efficient water courses and a 10-megalitre dam

The current vendors have also gone to the length of replacing two kilometres of boundary fencing with vermin-proof enclosures and 1.8 kilometres of internal fencing on the property.

Above: This acreage for sale Tasmania boasts a machinery shed/hay barn, a double bay farm shed/workshop and a large storage shed

Cattle yards, a machinery shed/hay barn, a double bay farm shed/work-shop and a large storage shed that incorporates a commercial kitchen make the quality of this property abundantly clear.

Above: This acreage for sale Tasmania is an irresistible opportunity to appreciate country life free from compromise

An established fruit tree orchard, vegetable plots, garden sheds and a rain water tank lead the long list of additional attractions that make ‘Glen Acres’ an irresistible opportunity to appreciate country life free from compromise, rich in character, comfort and convenience.

Click on the following link for more information on this acreage for sale Tasmania at 43 Turkey Farm Road, Glengarry.

Acreage For Sale Tasmania: 1025 Elephant Pass Road, Gray

This sprawling 12-hectare lifestyle acreage property for sale boasts a mixture of gardens, pasture and bush, surrounded by reserve on all sides.

Above: This acreage for sale Tasmania boasts a mixture of gardens, pasture and bush, surrounded by reserve on all sides

With main road frontage, the buildings are modern in both design and construction. The exposed brick of the dual-level main home beautifully blends with the natural surrounds.

Above: This acreage for sale Tasmania includes a dual-level brick home which beautifully blends with the natural surrounds

There’s a double tandem carport on one side of the home, while a covered porch invites you in. Entry is into the kitchen and dining area, where the focus on spatial extravagance is highlighted by the open-plan design, soaring voids and masses of natural light.

Above: This acreage for sale Tasmania boasts an open-plan design, soaring voids and masses of natural light

The Jarrah timber of the kitchen aligns with the modern country home aesthetic, as does the stainless-steel splashbacks, raked ceilings, granite benchtops and feature lighting. Entertainers will love the upmarket appliances and abundant bench space and cabinetry.

Above: This acreage for sale Tasmania features a modern kitchen with stainless-steel splashbacks, raked ceilings, and granite benchtops

The expansive living area enjoys thick carpets and soft neutral tones, while sliding glass doors bring magnificent coastal views into the home. They’re best enjoyed from the outside timber sun deck.

Above: This acreage for sale Tasmania offers magnificent coastal views best enjoyed from the outside timber sun deck

The fully tiled bathroom off the main living services the home, boasting underfloor heating, a heated towel rail, an over-size vanity and a granite shower. There are two downstairs bedrooms, plus a third loft-style bedroom on the top level that enjoys exquisite vistas. This stunning retreat has built-in-robes and is big enough to be a second living area if required.

Above: This acreage for sale Tasmania encompasses a fully tiled bathroom off the main living with underfloor heating

The property also includes a separate studio with own entrance. External buildings include a rustic handcrafted timber studio with barn-door entry, cathedral ceilings, tiled floors and a covered patio. There’s also an expansive main shed offering ample storage opportunity and even a pot belly stove. It’s complemented by a 10m x 3m lean-to.

Above: This acreage for sale Tasmania includes a separate studio with its own entrance

The stunning grounds are home to two dams, one with yabbies in it, supported by three 25,000-litre rainwater storage tanks with UV filtration. There’s a timber hot tub looking out over the ocean, and gardeners will love the raised vegetable beds, reticulated orchard and chicken coop.

Above: This acreage for sale Tasmania offers two dams, supported by three 25,000-litre rainwater storage tanks

If you’re a nature lover, this is paradise … made more so by the eco-conscious solar hot water and multiple solar panels that work in conjunction with mains electricity.

Above: This acreage for sale Tasmania is perfecrt for who anyone who appreciates a tranquil lifestyle surrounded by nature

Just five minutes from the township of St Marys, this would be perfect for retirees or semi retirees, or anyone who appreciates a tranquil lifestyle surrounded by nature.

Click on the following link for more information on this acreage for sale Tasmania at 1025 Elephant Pass Road, Gray.

Acreage For Sale Tasmania: 1555 Huon Highway, Lower Longley

Reconnect with the land and explore the endless possibilities for farming pursuits on this spectacular 14.5-hectare (36-acre) parcel of rural resource lifestyle land.

Above: This acreage for sale Tasmania features an orchard and rolling green paddocks plus park-like grounds along the creek boundary

Conveniently situated halfway between Huonville and Kingston, the acreage for sale features an orchard and rolling green paddocks plus park-like grounds along the Fourteen Turn Creek boundary.

Above: This acreage for sale Tasmania was originally a cherry farm and now features an orchard housing around 30 rows of trees

The solid 1960s cottage has undergone extensive renovations over the past year including a new kitchen and bathroom, double-glazed windows, new carpets and window furnishings, new wood heater and new instantaneous gas hot water system.

Above: This acreage for sale Tasmania includes a solid 1960s cottage which has undergone extensive renovations over the past year

Originally used as a productive cherry farm, the orchard houses approximately 30 rows of trees boasting varieties such as Simone, Lapin, Sweet Georgia, Regina and Silvia. The altitude of over 300m brings a late harvest which can be of benefit once the majority of other producers have finished their seasons.

Above: This acreage for sale Tasmania features tall side nets and electric fencing on three sides of the orchard

Currently, there are tall side nets and electric fencing on three sides of the orchard, plus there’s an eight-million litre dam and irrigation system which is controlled by timers in the pump house and an ultrasonic bird scarer.

Above: This acreage for sale Tasmania boasts a dam and irrigation system which is controlled by timers in the pump house

The orchard could easily be converted to substantial market gardens, other fruit, including wine grapes or berries and nuts, or return part or all to paddocks with quality pasture as the soil is rich, fertile and well drained.

Above: This acreage for sale Tasmania features extensive infrastructure with a large three-bay shed and multiple storage outbuildings

The acreage property features extensive infrastructure with a large three-bay shed, one end converted into a barn for stock, an easily accessed cattle race/ramp, and a nearby picker’s toilet, fenced paddocks, storage outbuildings, a high- and low-voltage power pole at the dam, 10 raised Colorbond garden beds, a fully netted enclosure and hen house.

Above: This acreage for sale Tasmania includes 10 raised Colorbond garden beds, a fully netted enclosure and hen house

Grab the opportunity now to be self-sustainable and earn an income right from your very own convenient and breathtaking piece of this sought-after region.

Click on the following link for more information on this acreage for sale Tasmania at 1555 Huon Highway, Lower Longley.