The Ultimate Guide To Buying Acreage Victoria

Top Five Acreage Properties For Sale Victoria

If you’re considering buying acreage for sale Victoria, you’ll be happy to know that now might be the right time with experts predicting a slowdown in recent price growth as a result of an easing in commodity prices from record highs and continued higher interest rates.

Rural Bank’s recently released 2023 Farmland Values Report found the median price for Victorian acreage increased 26.3 per cent in 2022, the seventh consecutive year of growth as strong demand and tightened supply applied upwards pressure on values. However, this was down from a 30.4 per cent rise in 2021, reducing the 20-year CAGR to a more moderate 8.4 per cent.

Acreage For Sale Victoria: Prices By Region

The upwards shift in median price was consistent across all the state’s eight regions, only the third year since 1995 that all regions have seen growth in values.

Growth was led by the Central region (Ballarat, Bendigo, Hepburn, Loddon, Macedon Ranges, Mount Alexander, Pyrenees), which recorded a 52.3 per cent increase in median price per hectare, according to the report.

Above: The median price of acreage for sale Victoria increased 26.3 per cent in 2022, the seventh consecutive year of growth

This was closely followed by the Mallee (Buloke, Mildura, Swan Hill) with a rise of 45.3 per cent. Growth in the Ovens Murray (Benalla, Mansfield, Wangaratta, Wodonga), South West (Ararat, Colac Otway, Corangamite, Glenelg, Southern Grampians, Surf Coast) and Wimmera (Hindmarsh, Horsham, Northern Grampians, West Wimmera, Yarriambiack) regions was marginally lower but still strong at 34-36 per cent.

In contrast, the report found the lowest growth rates were in the Goulburn (Campaspe, Mitchell, Moira, Murrindindi, Shepparton, Strathbogie), South and West Gippsland (Bass Coast, Cardinia, La Trobe, South Gippsland) and East Gippsland (East Gippsland, Wellington) regions which were still very strong at 21-23 per cent.

This was the second year in a row, and only second time in the past 28 years, that all regions in Victoria saw price growth of at least 20 per cent.

Acreage For Sale Victoria: Sales By Region

Increased median prices were struck on a substantial decline in transactions, which fell by 44.6 per cent to 1,007 in 2022. This was the lowest number of transactions on record for the state and 33.6 per cent below the five-year average.

Above: The volume of acreage for sale Victoria fell most prominently in the Central and East Gippsland regions

All eight regions recorded a decrease in transaction volume of at least 30 per cent in 2022, with the most prominent falls occurring in the Central and East Gippsland regions (55-59 per cent).

Falls of just under 50 per cent occurred in the South and West Gippsland, Ovens Murray, and Mallee areas.

Acreage For Sale Victoria: Sales By Price Range

By price range, Victoria experienced a significant fall in the number of lower-priced transactions in 2022 while there was only one less transaction priced above $20,000/ha compared to 2021.

Properties priced below $4,000/ha recorded the largest decline in transaction volume in 2022 with a drop of 73.9 per cent. This saw their share of the state’s transactions fall to only eight per cent, down from 16 per cent in 2021, the report found.

Above: Acreage for sale Victoria experienced a significant fall in the number of lower-priced transactions in 2022

Declines in transaction volume for the mid-price ranges also declined significantly. Overall, there were 48 per cent fewer transactions between $4,000-$20,000/ha.

Growth in transactions above $20,000/ha was most prominent in the South West and East Gippsland regions, offsetting a decline in Central Victoria.

Acreage For Sale Victoria: Sales By Parcel Size

The decline in transaction volume occurred across all parcel size ranges in 2022. While the smaller parcel size ranges saw declines around 40 per cent, parcels larger than 150 hectares recorded the largest decrease of 59 per cent, the report found.

The Central and South West regions recorded the strongest declines in transaction volume of larger parcel sizes. This resulted in a smaller proportion of large sized transactions, with this range accounting for 17 per cent of the state’s transactions in 2022, down from 23 per cent in 2021.

Above: The decline in transaction volumes of acreage for sale Victoria occurred across all parcel size ranges in 2022

Growth in median prices per hectare accelerated for the larger parcel size ranges in 2022, with the median price of parcels larger than 150 hectares experiencing the strongest growth of 37.2 per cent year-on-year.

Likewise, the 100-150-hectare parcel size range recorded an increase of 29.9 per cent rise in 2022, marginally softer than the 34.2 per cent growth in 2021.

Whilst growth in the 30-50 hectare range of 26.5 per cent occurred in 2022, this was a deceleration from the 41.5 per cent growth seen in 2021.

Acreage For Sale Victoria: The Outlook

Rural Bank Victoria’s Kathryn Davies says that while the state’s farmland values continued to break records again in 2022, the slowdown in transactions numbers reflected buyer caution and deeper business consideration off the back of rising interest rates and input costs.

“With good growing conditions, an easing in some commodity prices from record highs and continued higher interest rates, purchasers are conducting deeper analysis to ensure that higher purchase prices don’t harm the overall returns that can be generated.

“This will likely lead to lower growth in property prices for 2023,” she says.

If you’re looking to take advantage of the slowdown in price growth of acreage for sale Victoria check out five of our favourite acreage properties for sale in Victoria below. For more than 330 acreage properties for sale Victoria click here.

Acreage For Sale Victoria: 35 Campiglis Road, Kawarren ($1.59 million)

This is a truly remarkable acreage for sale Victoria within the highly regarded and tightly held Gellibrand district in the heart of the Otways, allowing easy access to Great Ocean Road, Colac, Lavers Hill, Beech Forest and Forrest.

Above: This acreage for sale Victoria is located in the highly regarded and tightly held Gellibrand district in the heart of the Otways

Set on four hectares (10 acres), this rural retreat boasts a unique custom-built home which is a hybrid of contemporary industrial-meets-country-charm offering luxurious living of the highest standard with first-class chattels throughout. The home has been carefully designed to take advantage of the wonderful views from every window, including farmland, bush land and hills.

Above: This acreage for sale Victoria is set on four hectares and boasts a unique custom-built home with country charm

The residence showcases a spacious open-plan kitchen/dining/living space great for entertaining, matte polished concrete flooring throughout, a modern country-style kitchen with a huge island bench and servery, 900mm gas cooktop, double oven, quality dishwasher, and large walk-through pantry.

Above: This acreage for sale Victoria showcases a spacious open-plan kitchen/dining/living space great for entertaining

Accommodation includes the guest wing consisting of two generous-sized bedrooms both with mirrored built-in wardrobes, fans, TV points and ducted ceiling vents. The large main bathroom incorporates a designer laundry offering great storage. The parents’ retreat wing offers a master bedroom complete with walk-in wardrobe and two sets of sliding doors to the outside taking in both north and west views. The grand ensuite features a double shower and a ducted ceiling vent.

Above: This acreage for sale Victoria features a parents’ retreat wing offering a master bedroom complete with walk-in wardrobe

Additionally, there is a mud room that incorporates a study area and has lots of storage plus a door to the outside. Complementing the interior, the home boasts an expansive alfresco area with five-metre high insulated roof, 10kW reverse-cycle air-conditioner, large solid wood heater and over 50,000 litres of rainwater tank storage.

Above: This acreage for sale Victoria boasts an expansive alfresco area with five-metre high insulated roof

The impressive home is set amid landscaped gardens. Beyond that is a spring-fed dam, seasonal creek running across the property, an American-style barn studio/man cave/stable complete with toilet, shower and a solid wood fire heater. Two environmentally-friendly septic tanks service the home and the barn.

Above: This acreage for sale Victoria is set amid landscaped gardens and features a spring-fed dam and seasonal creek

This is a wonderful lifestyle property in the heart of the Otways, just an hour from Geelong and two hours from Melbourne.

Click on the highlighted link for more information on this acreage for sale Victoria at 35 Campiglis Road, Kawarren.

Acreage For Sale Victoria: 1 Merricks Beach Road, Merricks Beach (POA)

An exceedingly rare eight hectares (20 acres) of picturesque land where the country meets the coast, this pristine acreage for sale Victoria, just moments to Merricks Beach, delivers refined rural living with a sophisticated family farmhouse and pastures perfect for cattle and/or horses.

Above: This acreage for sale Victoria delivers refined rural living with a large family house and pastures perfect for cattle and/or horses

Beyond a long circular driveway and 100-year-old oak, the modern four-bedroom-plus-study residence is imbued with an old-world ambience. Multiple living areas encircle a large gourmet kitchen with all-Westinghouse stainless-steel oven, glass-ceramic cooktop, and dishwasher, along with a servery window to the octagonal formal dining room.

Above: This acreage for sale Victoria features multiple living areas encircling a large gourmet kitchen with Westinghouse appliances

The master suite features dressing room, bathroom and a private lounge, while a sun-drenched family room, lounge-come-rumpus and home office through French doors cater to every comfort and convenience.

Above: This acreage for sale Victoria boasts a master bedroom suite featuring dressing room, bathroom and a private lounge

A second bathroom in the ‘junior’ wing, zoned ducted heating and cooling, a toasty enclosed fireplace and double garage are among a fleet of extras that come with the home, which spills out through sliding glass doors to an expansive north-facing alfresco area with sun deck and high pergola with bistro blinds to entertain in the open air backdropped by coastal breezes.

Above: This acreage for sale Victoria includes a second bathroom in the ‘junior’ wing, zoned ducted heating/cooling, and enclosed fireplace

A manageable holding well suited to small-scale grazing or equestrian pursuits, the property offers six main paddocks, stable, tack and feed room, horse shelters and quality fencing, a round yard and wash-down area, large machinery shed with three-phase power, 70,000 litres of rainwater storage, and additional shedding for hay or machinery.

Above: This acreage for sale Victoria offers a manageable holding well suited to small-scale grazing or equestrian pursuits

This property is located within minutes of beaches, yachting facilities and wineries, just four minutes’ drive from Balnarring village and an hour from Melbourne.

Click on the highlighted link for more information on this acreage for sale Victoria at 1 Merricks Beach Road, Merricks Beach.

Acreage For Sale Victoria: 25 Adam View Court, Tanjil South ($1.38-1.45 million)

Situated only eight minutes from the M1 and Newborough township, this stunning 2.6-hectare (6.5-acre) acreage for sale Victoria is ideal for horse lovers, featuring a four-bedroom family home, electric fenced horse paddocks, shedding, and other infrastructure.

Above: This acreage for sale Victoria is a stunning 2.6-hectare holding with four-bedroom family home ideal for horse lovers

The main residence includes a north-facing, open-plan living area positioned perfectly to capture the views of the dressage arena, alfresco area, back yard through to the entire length of the property.

Above: This acreage for sale Victoria boasts a home positioned to capture the views of the dressage arena, alfresco area and back yard

Inside is a large main bedroom, complete with a walk-in wardrobe and ensuite with spa, and three additional bedrooms with built-in wardrobes.

Above: This acreage for sale Victoria includes a large main bedroom, complete with a walk-in wardrobe and ensuite with spa

A fully appointed kitchen comes with a huge bench space, five-burner gas cooktop, 900mm electric oven, two double wall pantries and double fridge space.

Above: This acreage for sale Victoria offers a kitchen with a huge bench space, five-burner gas cooktop, and 900mm electric oven

There’s also an expansive open-plan living/dining area, formal lounge, rumpus/billiards room with bar, and study with views to the back yard.

Above: This acreage for sale Victoria includes an expansive open-plan living/dining area, formal lounge, and rumpus/billiards room with bar

The fully enclosed horse arena comes equipped with lighting while the 12 paddocks are all fitted with horse-friendly electric fencing and complemented by stables, water troughs and lane way access. The three-bay stables include loft, tack room, automated lights and flooring for horses.

Above: This acreage for sale Victoria boasts a fully enclosed horse arena, 12 paddocks, and stables with loft and tack room

What’s more, there’s a wash bay, outdoor laundry and rug wash, and a separate hay storage shed (5m x 11m) and so much more. Completing this gorgeous property is a 9m x 6m shed with workshop and three-phase power.

Click on the highlighted link for more information on this acreage for sale Victoria at 25 Adam View Court, Tanjil South.

Acreage For Sale Victoria: 10 Yaringa Road, Somerville (POA)

Discover the beauty and productivity of semi-rural living at this Somerville acreage for sale Victora near the stunning Yaringa marina.

Above: This acreage for sale Victoria measures just over two hectares and is gifted with two separate homes

A lifestyle allotment measuring just over two hectares (five acres) is gifted with two separate homes, allowing for inter-generational living, Airbnb aspirations, or additional rental income.

Above: This acreage for sale Victoria offers a main residence consisting of three bedrooms plus a study and an open-plan layout

The main residence, consisting of three bedrooms plus a study, features an open-plan layout that combines a timber-topped shaker-style kitchen, dining area, and family space. The home's culinary space is complete with a preparation pantry, stainless-steel dishwasher, breakfast bar, and oven with gas cooktop.

Above: This acreage for sale Victoria includes a kitchen with pantry, stainless-steel dishwasher, breakfast bar, and oven with gas cooktop

The master bedroom is accompanied by a walk-through wardrobe and a twin-vanity ensuite. The remaining bedrooms are located in their own zone and are serviced by the dual-sink central bathroom. The exterior of the dwelling includes a sunny front deck and a rear BBQ entertaining area.

Above: This acreage for sale Victoria boasts a master bedroom accompanied by a walk-through wardrobe and a twin-vanity ensuite

Additionally, there is a two-bedroom guest house with its own open-plan design. The family hub includes a living area, meals area, and a timber-topped kitchen space featuring dishwasher, electric oven/cooktop, ceiling fans, and split-system cooling enhance daily living. The master bedroom has an ensuite and a walk-in wardrobe, while the combined laundry/bathroom facilities complete the self-contained set-up.

Above: This acreage for sale Victoria features a two-bedroom guest house with its own open-plan design

A gated entry leads to a secure house yard surrounded by established grounds. The property includes a chicken coop, wood shed, water tanks, mini basketball court, double garage, and five well-fenced paddocks for horse lovers.

Above: This acreage for sale Victoria includes a wood shed, water tanks, double garage, and five well-fenced paddocks for horses

For livestock there is a rear bush paddock with a healthy dam. The free-standing barn offers a games room, upper mezzanine storage space, and a tack/workshop area.

Click on the highlighted link for more information on this acreage for sale Victoria at 10 Yaringa Road, Somerville.

Acreage For Sale Victoria: 49 McIvor Road, Bunyip ($1.995 million)

This impressive eight-hectare (20-acre) acreage for sale Victoria is situated just minutes from the township of Bunyip in the Gippsland region, under one hours’ drive from Melbourne CBD.

Above: This acreage for sale Victoria boasts a well-designed home with north-facing living areas overlooking the paddocks

The lifestyle property boasts a well-designed home with north-facing living areas overlooking the paddocks. Featuring spotted gum hardwood flooring and nine-foot ceilings throughout, the home offers four generous-size bedrooms plus study, including a beautiful master suite with full ensuite and large walk-in closet.

Above: This acreage for sale Victoria offers four large bedrooms plus study, including a master suite with ensuite and large walk-in closet

The modern country-style kitchen features stone benchtops and large island bench, walk-in pantry, and Smeg 900mm freestanding oven and cooktop. It connects to a spacious open-plan dining area and family room.

Above: This acreage for sale Victoria includes a country-style kitchen featuring stone benchtops, large island bench, and walk-in pantry

Climate is controlled via double-glazed windows, insulated roof, walls and underfloor, four split-systems for heating and cooling, plus solid wood fuelled fire in the living room.

Above: This acreage for sale Victoria boasts a kitchen that connects to a spacious open-plan dining area and family room

Outside is a screened porch, roofed entertaining area, 18m x 12m barn-style shed, three horse stables, feed room, separate tack room, and wash bay with hot and cold water.

Above: This acreage for sale Victoria offers a 18m x 12m barn-style shed, three horse stables, feed room, separate tack room, and wash bay

The property's seven paddocks are all fenced while the horse paddocks include boxes and equine wire. There’s also a chicken pen and veggie garden.

Above: This acreage for sale Victoria boasts seven paddocks which are all fenced while the horse paddocks include boxes and equine wire

Water supply is mains plus 63,000 litres of tank storage.

Click on the highlighted link for more information on this acreage for sale Victoria at 49 McIvor Road, Bunyip, Victoria.