Agriculture
21 October, 2025
Farm values drop by a quarter, says bank report
FARMLAND values have dropped more than 25 per cent across central regions of Victoria, according to the latest Bendigo Bank report.
The state-wide fall of 5.8 per cent was buffered by an increase in the Goulburn, Ovens and East Gippsland regions.
The largest fall in farmland values was the Mallee, dropping 32.9 per cent over the last six months.
“Substantial falls in median across the Central and South annd West Gippsland regions were the primary drivers of the state’s downwards shift in median price per hectare,” said the report released this week.
“A clear trend can be seen with land located in the north-east corner generally performing well over the previous year while land in western Victoria remains under pressure from the ongoing dry conditions.
“The decline in Victorian farmland transactions continued in the first half of 2025.
“The 480 transactions in the first half of 2025 were down 17.9 per cent from the second half of 2024 and the lowest number of transactions for a half yearly period on record for the state.
“All eight of the state’s regions saw a year-on-year decline in transaction volume as the ongoing consolidation of farmland.”