‘We’ve never seen anything like this’: Family agribusiness empires push red hot rural property market higher

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Australia's rural property market is hitting unprecedented heights across all classes of land and experts say there is no sign it will slow anytime soon.Key points:Australian rural property sales are breaking records for all classes of land in 2021Established farming families are pushing the market even higherLow interest rates and high commodity prices are key factorsTim Lane, a national director with independent valuation firm Herron Todd White, said the market had surpassed the 2008–2009 period that had been regarded as the peak.Mr Lane said this year's prices were exceeding all those sales."People are paying big money and it's across the whole country," he said."It is the whole Australian rural market landscape and at the moment it doesn't look like it's going to abate."It's large families, smaller families, and probably the market where it has got a bit harder is the new entrant into the market, just on the rise of the values." Tim Lane says they have never seen
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