Farms account for 27 percent of Tasmania's regional market sales

Farms account for 27 percent of Tasmania's regional market sales
Farms account for 27 percent of Tasmania's regional market sales

Across the regional areas of Tasmania, a total of 6,074 residential house and agricultural properties sold over the year to November 2016, according to Landmark Harcourts’ latest Benchmark Report (bit.ly/LHBenchmark).

This represents a fall of 3.5 percent, meaning there were 222 fewer sales when compared to one year ago, while the total value of sales fell 4.5 percent to $1.7 billion over the 12 months to November 2016.

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Farms account for 27 percent of Tasmania's regional market sales

Agricultural properties accounted for 27.1% of all regional Tasmanian sales and 32.1% of the value of sales.

Regional Tasmania recorded 1,647 agricultural sales over the year, 4.5% fewer than the previous year.

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Farms account for 27 percent of Tasmania's regional market sales

Looking at land size, the majority of sales were on less than 40 hectares, with transactions in this category accounting for 93.3% of all agricultural sales.

The remaining sales were split between 40 to 100 hectares (4.3%), 100 to 1,000 hectares (2.4%) and greater than 1,000 hectares (0.1%).

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Farms account for 27 percent of Tasmania's regional market sales

The total value of the 1,647 agricultural sales that transacted over the year to November 2016 was worth $553.9 million, -7.3% lower than over the 12 months to November 2015.

Broken down in to land sizes, 82.4% of the total value of sales was for properties less than 40 hectares, followed by 40 to 100 hectares (9.0%) and 100 to 1,000 hectares (8.5%).

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Farms account for 27 percent of Tasmania's regional market sales

A mixed farming property at 294 Brackneil Road, Bracknell (above) has been listed for over $1 million.

Similarly a mixed farming property at 19595 Tasman Highway, Seymour (below) has been listed for over $1.2 million.

Farms account for 27 percent of Tasmania's regional market sales

A mixed farming property at 1854 Sheffield Road, Barrington (below) was sold recently for $2.65 million.

Farms account for 27 percent of Tasmania's regional market sales

Similarly a mixed farming property at 83 Haywoods Lane, Somerset (below) was sold on February this year for $520,000.

Farms account for 27 percent of Tasmania's regional market sales

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Tasmania Rural Market

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