Acreage For Sale Victoria: Farmbuy.com Buyers' Guide

Acreage for Sale Victoria: Farmbuy.com Buyers' Guide

If you’re considering buying acreage for sale Victoria, you’ll be happy to know that Rural Bank’s 2022 Farmland Values Report suggests this is a sound financial decision. The median price for Victorian acreage increased by 30.4 per cent to $10,583/ha in 2021 following a rise of 6.9 per cent in 2020, taking the average annual growth for the past 10 years to 10.7 per cent.

The growth was driven by a combination of all regions experiencing a significant increase in median price per hectare. In particular, the South West region rose by 35.2 per cent year-on-year, which played a significant role in the overall increase for Victoria. The Gippsland and Northern regions also experienced significant growth in median price per hectare, jumping 28.8 and 25.4 per cent respectively.

Above: The median price for Victorian acreage increased by 30.4 per cent to $10,583/ha in 2021 following a rise of 6.9 per cent in 2020

The volume of transactions rose by 12.8 per cent to 1,817 in 2021, above the five-year average of 1,680 and the highest transaction volume since 2017. All regions recorded an increase in transaction volume in 2021, led by Gippsland (+18.9 per cent) and the South West and Northern regions (+13 per cent each).

The growth in the number of farmland transactions contributed to a 27 per cent increase in the estimated area of land traded to 256,327 hectares in 2021. The combined impact of growth in the area of land traded and higher prices resulted in the total value of all land sold in 2021 rising to a record high of $2.4 billion.

Above: The largest increase in transaction volume was seen for properties priced above $20,000/ha

The largest increase in transaction volume was seen for properties priced above $20,000/ha which rose from 108 transactions in 2020 to 294 in 2021. Properties priced below $4,000/ha price recorded the largest fall in transaction volume with a decline of 19.6 per cent.

Similarly, the number of transactions in the $4000–$8,000/ha price range fell 14 per cent when compared to 2020. Growth in transaction volume occurred across all parcel size ranges, though it was the +150 hectare range that recorded the biggest increase.

Above: Median price growth was exceptionally strong across all parcel size ranges, but especially +150 hectares

Median price growth was exceptionally strong across all parcel size ranges, but again it was the larger parcels that led the way with the 150 hectare and above range showing the highest year-on-year price growth.

Acreage For Sale Victoria: Gippsland

The Gippsland region’s median price rose 28.8 per cent in 2021 after a five per cent decline in 2020. This strong year-on-year growth in 2021 has taken the five-year CAGR to 8.9 per cent.

All municipalities in the region recorded year-on-year growth except for Cardinia which declined by 12 per cent. East Gippsland and Wellington experienced the strongest growth in 2021.

Transaction volume in Gippsland also rose strongly in 2021 with a 18.9 per cent increase adding to the 24.3 per cent rise in 2020. Transaction volume trends were mixed across the municipalities in the region, with rises in Wellington, Baw Baw and East Gippsland offsetting declines in La Trobe and South Gippsland.

Above: Gippsland's strong year-on-year growth in 2021 has taken the five-year CAGR to 8.9 per cent

The region experienced a shift toward a greater proportion of higher priced transactions. There were twice as many transactions priced above $20,000/ha in 2021 and 44 per cent more in the $16,000–$20,000/ha range.

There was a shift in the profile of transactions by parcel size ranges in 2021 with a greater proportion of smaller and mid-size properties traded. The number of transactions smaller than 100 hectares increased by 23.5 per cent. Meanwhile, the number of transactions larger than 100 hectares only increased by 4.2 per cent.

Median price growth was recorded across all parcel size ranges in 2021. Parcels larger than 150 hectares were in particularly strong demand with a median price rise of 77.1 per cent in 2021.

Click on the following links to check out acreage for sale East Gippsland Victoria and acreage for sale West and South Gippsland Victoria. 

Acreage For Sale Victoria: North West

The North West region recorded a third straight year of growth in median prices in 2021 with an increase of 16.3 per cent. Despite having the state’s lowest median price growth in 2021, the region’s median price has increased by 71.6 per cent over the past three years, second only to the South West.

Growth was relatively consistent across the region with all municipalities recording year-on-year price growth in 2021, except for Swan Hill. Over the past five years the median price per hectare in the region has risen at a CAGR of 15.3 per cent.

The number of transactions in North West Victoria only rose by one in 2021 to 174. This followed a rise of 17.7 per cent in 2020. Despite this growth, the availability of land in the region is tight with transaction volume in 2021 down 17.5 per cent compared to the 10-year average. Mildura recorded the strongest growth in transaction volume while Buloke experienced the strongest decline.

Above: The North West's median price has increased by 71.6 per cent over the past three years, second only to the South West

Despite overall transaction volume remaining relatively stable, there was a shift in the profile of transactions by price ranges. In 2021 there were 16.9 per cent fewer transactions priced below $6,000/ha. At the same time, the number of transactions above $8,000/ha rose by 147 per cent. 

There was also a shift in the proportion of transactions by parcel size with a lower proportion of smaller properties traded in 2021. This was offset by a 24.4 per cent rise in the number of transactions between 200-300 hectares.

All parcel size ranges recorded growth in median prices per hectare with the strongest growth recorded for parcels larger than 300 hectares at 42.2 per cent.

Click on the following links to check out acreage for sale Mallee Victoria and acreage for sale Wimmera Victoria. 

Acreage For Sale Victoria: Northern 

The Northern region of Victoria recorded a 10th consecutive year of growth in median price per hectare of farmland in 2021, up 25.4 per cent, the longest run of growth out of Victoria’s regions. Over that 10-year period, the median price per hectare has increased at a CAGR of 9.8 per cent.

Median price growth was a consistent trend across the region with only the Loddon municipality falling marginally year-on-year. Indigo, Wodonga and Mitchell experienced the strongest median price growth in the region

The number of transactions in Northern Victoria rose by 12.8 per cent in 2021, the largest percentage increase since 2015. Across the region, 56 per cent of municipalities recorded year-on-year growth in transaction volume. The largest rise occurred in Gannawarra and Campaspe where transactions rose again after lower growth in 2020.

Above: Over a 10-year period, the Northern region's median price per hectare has increased at a CAGR of 9.8 per cent

The rise in transaction volume was concentrated in higher price ranges, with the number of transactions above $16,000/ha more than doubling in 2021. At the same time, there were 19.6 per cent fewer transactions priced below $4,000/ha and 13.9 per cent fewer in the $4,000–8,000/ha range.

A slightly greater proportion of larger properties were traded in 2021 across the region. There were 26.7 per cent more transactions larger than 100 hectares in 2021. 

Growth in median prices occurred across all parcel size ranges but was strongest for parcels larger than 150 hectares which rose by 51.5 per cent. This parcel size range also has the strongest longer-term growth rates with a 10-year CAGR of 11.4 per cent and 20-year CAGR of 8.8 per cent.

Click on the following links to check out acreage for sale Northern Country Victoria, acreage for sale North East Victoria, and acreage for sale North Central Victoria.

Acreage For Sale Victoria: South West

The South West region recorded a sixth consecutive year of growth in median price per hectare in 2021, the second longest run of growth out of all the regions in Victoria. Over a period of six years, the median price has increased by 166 per cent.

The median price grew at an accelerated rate of 35.2 per cent in 2021, the largest percentage growth of Victoria’s regions. Growth in median prices per hectare was again consistent across all municipalities in the region except for West Wimmera which declined 10 per cent year-on-year.

The number of transactions in South West Victoria rose 13.3 per cent in 2021, adding to growth of 2.6 per cent in 2020. The region’s 588 transactions in 2021 was the highest level since 2015 and 10.4 per cent above the 10-year average. Throughout the region, the majority of municipalities recorded year-on-year increases in transaction volume. The largest rises were observed in Corangamite, Colac and Moorabool.

Above: South West region's median price grew 35.2 per cent in 2021, the largest percentage growth of Victoria’s regions

The rise in transaction volumes was heavily concentrated in higher price ranges. In 2021 there were almost three times more transactions priced above $16,000/ha compared to 2020. At the same time, the number of transactions for lower priced ranges dropped significantly especially in the $8,000–$12,000/ha segment which had 33 per cent fewer transactions.

South West Victoria recorded a greater proportion of larger parcels traded in 2021. There were 56.7 per cent more transactions larger than 150 hectares and 14.3 per cent more between 100-150 hectares in 2021.

Significant rises in median price per hectare occurred across all parcel size ranges in 2021. Parcels larger than 150 hectares had the highest median price growth in 2021 at 66.4 per cent and the highest 10-year CAGR of 17.3 per cent.

Click on the following links to check out acreage for sale South West Victoria. And see below for some of our favourite acreage for sale Victoria <100 hectares!

Acreage For Sale Victoria: 155 Old Colac Road, Beech Forest

Positioned on 4.06 hectares, this remarkable acreage for sale offers uninterrupted views of the Beech Forest bush line and the surrounding district.

Above: This acreage for sale Victoria offers uninterrupted views of the Beech Forest bush line and the surrounding district

Superb elevated, gently rolling country provides rich productive soils, established pastures, delightful areas of natural rainforest and creek frontage only 45 minutes to the Twelve Apostles, less than an hour to Colac, 10 minutes to the Otway Fly, and less than an hour to Apollo Bay.

Above: This acreage for sale Victoria boasts superb elevated, gently rolling country and rich productive soils

The aluminium-cladded home is situated with a fantastic vantage point in a low-maintenance garden completed with various mature trees and established garden beds.

Above: This acreage for sale Victoria features a home situated with a fantastic vantage point in a low-maintenance garden

Featuring a breathtaking aspect with uninterrupted views of surrounding farm land and the Otway Ranges, the home showcases a roomy open plan kitchen/dining/living room (reverse-cycle central heating air-conditioner and solid wood heater) complete with a north-west-facing undercover deck area.

Above: This acreage for sale Victoria showcases a roomy open plan kitchen/dining/living room and undercover deck area

Accommodation includes three generous-size bedrooms all with built-in wardrobes, centrally located bathroom (separate shower to bath), sunroom and laundry (with access to garden), and large windows to encapsulate the uninterrupted views the Otways.

Above: This acreage for sale Victoria includes three generous-size bedrooms all with built-in wardrobes

Further features include a 23,000-litre rain water tank supplying pressurised water to the house, good shedding, fully fenced house yard and fantastic stock-proof boundary fencing.

Above: This acreage for sale Victoria boasts uninterrupted views of surrounding farm land and the Otway Ranges

Properties like this in a tightly held location don’t come to the market very often!

Click on the following link for more information on this acreage for sale Victoria at 155 Old Colac Road, Beech Forest.

Acreage For Sale Victoria: Millbrook

If you’re seeking a ‘trophy’ acreage for sale, you must see this! Situated an hour west of Melbourne’s CBD, in the magical Millbrook region, this exceptional 30-hectare acreage property for sale is packed with first-class improvements and executive-style accommodation not often associated with working farms.

Above: This acreage for sale Victoria offers executive-style accommodation on an exceptional 30-hectare land holding

As the security gate slides open, you’re presented with a well-kept blue metal driveway that meanders through the improved pastures to the architecturally designed home, additional cottage and large workshop complex.

Above: This acreage for sale Victoria features an architecturally designed home, additional cottage and large workshop complex

The home consists of three main wings: the parents’ wing with a lavish bathroom overlooking a private courtyard; a central living area; and guest wing with three bedrooms and separate retreat.

Above: This acreage for sale Victoria consists of three main wings, including a central living area connecting the parents' and guest wings

A hallway interconnects the wings and provides access to an office, butler’s pantry/food preparation area, separate bathroom, two powder rooms, a mud room, laundry, and double garage.

Above: This acreage for sale Victoria features a kitchen with stone benchtops, butler’s pantry/food preparation area, and quality appliances

The central wing is the focal point of the home. With a westerly orientation, the area features timber-lined cathedral ceilings and floor-to-ceiling double glazed windows and the central living space is filled with natural light by day and provides for breathtaking sunsets at dusk.

Above: This acreage for sale Victoria boasts timber-lined cathedral ceilings and floor-to-ceiling double glazed windows

The home includes opulent fixtures, fittings and finishes throughout including polished concrete floors, underfloor hydronic heating powered by an efficient heat pump system, gas log fire in the central living area, stone benchtops, and top-of-the-range appliances.

Above: This acreage for sale Victoria includes a parents’ wing with a lavish bathroom overlooking a private courtyard

The main residence is complemented by a private two-bedroom open-plan self-contained cottage or teenager's retreat with central open plan living area, separate bathroom and laundry and rear deck overlooking a beautiful stand of native gums.

Above: This acreage for sale Victoria offers a private two-bedroom open-plan self-contained cottage or teenager's retreat

Divided into 10 paddocks with central laneway access and excellent fencing, the property boasts highly productive rich volcanic soil in a sought-after mixed-farming region.

Above: This acreage for sale Victoria offers a machinery shed and near-new cattle yards with crush and ramp

With annual rainfall of 776mm, the property currently runs 30 cows and calves and produces in the vicinity of 50 silage bales per year. Cattle are conservatively grazed, and pastures have been historically sown on a three-five year cycle.

Above: This acreage for sale Victoria currently runs 30 cows and calves and produces in the vicinity of 50 silage bales per year

Outstanding improvements include a four-span garage/workshop with concrete floor and adjoining games room, machinery shed, near-new cattle yards with crush and ramp.

Above: This acreage for sale Victoria includes a four-span garage/workshop with concrete floor and adjoining games room

Water security is sound with the farm featuring two dams stocked with rainbow trout and the Lal Lal Creek at the rear of the property. A 150,000-litre rainwater tank services the home and bore water is connected to an underground irrigation system.

Above: This acreage for sale Victoria features two dams stocked with rainbow trout and the Lal Lal Creek at the rear of the property

Click on the following link for more information on this acreage for sale Victoria at Millbrook.

Acreage For Sale Victoria: 1597 Princes Highway, Port Fairy

The remarkable ‘Larakkia Park’ is set on just over 15 hectares at Rosebrook on the outskirts of Port Fairy and boasts views of rolling sand dunes and the Port Fairy Golf Course.

  

Above: This acreage for sale Victoria boasts views of rolling sand dunes and the Port Fairy Golf Course

The property features a large workshop/shed and a large home designed to align with the breathtaking views of surrounding farmland, Belfast Lough and the Port Fairy Golf Course and sand dunes. The external cladding is Silvertop Ash, a durable and sustainable Australian hardwood.

Above: This acreage for sale Victoria features a large workshop/shed and a large home designed to align with the breathtaking views

The layout of this house would be ideal for all families, allowing for connection and for privacy. There are four bedrooms (master with ensuite and WIR), a family bathroom, two living areas, a laundry, study nook and ample storage.

Above: This acreage for sale Victoria offers four bedrooms, a family bathroom, two living areas, a laundry, study nook and ample storage

The large and open-plan living and kitchen area offers views in all directions. The kitchen features matte black kitchen cabinetry and a long island bench (with Caesarstone benchtop).

Above: This acreage for sale Victoria boasts a large and open-plan living and kitchen area offering views in all directions

The open-space living area connects with the west-facing outdoor entertainment area; and includes Tasmanian Oak floorboards and north-facing tinted windows. The large wood fire is a centrepiece of the room on colder days.

Above: This acreage for sale Victoria includes an open-space living area connecting with the west-facing outdoor entertainment area

Currently used as guest quarters, the house extends itself to a further living area, bedroom, bathroom with shower and laundrette, split system air-conditioning, a kitchenette and bench, and a wood fire.

Above: This acreage for sale Victoria extends itself to a further living area, bedroom, bathroom with shower and laundrette

The large four-car garage/workshop with large double door access offers ample bench space, its own wood fire and includes its own newly built bathroom (shower, basin and toilet). This space could be used for storage and work or has the potential to be converted into guest accommodation.

Above: This acreage for sale Victoria boasts a large four-car garage/workshop with wood fire and its own newly built bathroom

Located at Rosebrook on the outskirts of Port Fairy in south-western Victoria, the property boasts volcanic-rich farmland, fully fenced with a cattle yard to accommodate livestock.

Above: This acreage for sale Victoria features volcanic-rich farmland, fully fenced with a cattle yard to accommodate livestock

There are three 25,000-litre water tanks and in the event of water shortage, a bore and windmill.

Click on the following link for more information on this acreage for sale Victoria at 1597 Princes Highway, Port Fairy.

Acreage For Sale Victoria: 112 Sandy Point Road, Balnarring

Delivering a captivating lifestyle package where the country meets the coast, this 20-hectare acreage property for sale features a contemporary four-bedroom residence beside a stunning lake offering a blank canvas for any number of agricultural or horticultural pursuits – or even a 16-bay golf driving range with planning permits already approved!

Above: This acreage for sale Victoria features a contemporary four-bedroom residence beside a stunning lake

Beyond a gated entry, the elegant residence is awash with superb natural light harnessing a north-facing aspect and multiple sets of glass doors framing the park-like gardens and picturesque lake.

Above: This acreage for sale Victoria offers an elegant residence set amidst park-like gardens and picturesque lake

A spacious open-plan living and dining area with Tasmanian-oak flooring and an enclosed fireplace is flanked by an exceptional kitchen with stone-topped island bench and all-Fisher & Paykel dish drawers, oven and induction cooktop; while the sundeck beyond provides a glorious space to dine outdoors and entertain friends overlooking the lake and footbridge.

Above: This acreage for sale Victoria boasts an exceptional kitchen with stone-topped island bench and all-Fisher & Paykel appliances

An oversized master bedroom with walk-in robe and contemporary bathroom shares the deck access and blissful bucolic vista through sliding glass doors in this well-considered layout.

Above: This acreage for sale Victoria includes an oversized master bedroom with WIR, contemporary bathroom and deck access

The home also boasts two junior bedrooms, a fourth bedroom or study, stunning family bathroom with soaker tub, and a second lounge for cosy movie nights or curling up with a book.

Above: This acreage for sale Victoria features a spacious open-plan living and dining area with Tasmanian-oak flooring and fireplace

Two garages, a machinery shed and separate hay shed provide ample garaging and storage, while a huge additional shed off the workshop would make an awesome mancave or games room with sliding glass doors opening directly to the garden.

Above: This acreage for sale Victoria includes two garages, a machinery shed and separate hay shed

The property boasts mains and bore water, a new 8.5Kw solar system (battery ready), two concrete water tanks with a combined 80,000-litre capacity, 20 fruit trees and extensive plantings with watering system.

Above: This acreage for sale Victoria boasts 20 fruit trees and extensive plantings with watering system

Overlapped by the Tulum Creek wildlife corridor, this stunning property is moments to the beach, Somers Primary School, Balnarring village and the major shopping of Hastings and just over an hour’s drive from Melbourne.

Above: This acreage for sale Victoria is overlapped by the Tulum Creek wildlife corridorand is just is moments to the beach

Click on the following link for more information on this acreage for sale Victoria at 112 Sandy Point Road, Balnarring.

Acreage For Sale Victoria: 5357 Dartmoor-Hamilton Road, Branxholme

Located just 15 minutes south-west of Hamilton is this brick home for sale on just under seven hectares.

Above: This acreage for sale Victoria is privately set back off the road, offering a peaceful setting that is hard to find

The property's long tree-laden driveway leads into the ‘September Farm’ house, which is privately set back off the road, offering a peaceful setting that is hard to find.

Above: This acreage for sale Victoria features a long tree-laden driveway which leads into the ‘September Farm’ house

The lounge room at the front of the home looks out over the driveway with wood fire and features mirror fireplace. The open-plan kitchen/meals area has been recently updated with new kitchen cabinetry and benchtops, a walk-in pantry and split system air-conditioning.

Above: This acreage for sale Victoria includes a kitchen/meals area which has been recently updated with new cabinetry and benchtops

The large master bedroom has a walk-in robe with access through to the rear sunroom. Bedrooms two and three are both of generous size. The main bathroom has a bath and vanity.

Above: This acreage for sale Victoria boasts a large master bedroom which has a walk-in robe with access through to the rear sunroom

There is also a shower and toilet in the laundry off the kitchen with rear access outside. The sunroom at the back of the property has been enclosed with blinds and provides an additional space off the kitchen at the rear of the home.

Above: This acreage for sale Victoria offers a main bathroom with bath and vanity plus a shower and toilet in the laundry

The double garage has lock-up roller doors, a side access door and an additional toilet. A four-bay machinery shed with concrete floor and power offers fantastic storage space for the hobby farmer.

Above: This acreage for sale Victoria includes a double garage which has lock-up roller doors, side access door and additional toilet

The property is supplied with fresh rain water tanks fed directly back into the home, while bore water supplies the paddocks for stock water.

Click on the following link for more information on this acreage for sale Victoria at 5357 Dartmoor-Hamilton Road, Branxholme.