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.
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.
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%).
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%).
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.
A mixed farming property at 1854 Sheffield Road, Barrington (below) was sold recently for $2.65 million.
Similarly a mixed farming property at 83 Haywoods Lane, Somerset (below) was sold on February this year for $520,000.
