Farmland in Western Australia is on the cusp of breaking the $10,000-per-hectare price tag after another year of nation-leading price growth.
Farmland in Western Australia is on the cusp of breaking the $10,000-per-hectare price tag after another year of nation-leading price growth.
Fresh data published Ray White showed the value of WA’s farmland climbed about 30 per cent last year to $9,635-per-hectare.
That puts WA ahead of Queensland and South Australia for the first time since 2013.
Some regions in the state are already eclipsing the $10,000 mark according to Rural Bank, mostly in the South West and Avon-Midland area.
That is tempered by large swathes of farmland in the eastern Wheatbelt worth about $2,000/ha or less.
Three farm aggregations and three stations sold for more than $20m in WA last year.
Should the 30 per cent value increase be applied evenly, most farms along WA’s south coast from Albany to Esperance, and the Avon Valley, would now be worth more than $10,000/ha.
Western Australia has about 18 million hectares of farmland stretching from north of Northampton to east of Esperance, according to the Department of Primary Industries and Regional Development.
Average farmland prices in Australia, 2025
Last Updated: 19 February 2026Going by Ray White’s average price, the combined value of that land would be about $173b.
Ray White head of research Vanessa Rader said WA’s record crop drove price growth.
“Western Australia posted impressive gains of 30.5 per cent, supported by a strong cropping season,” she said.
“However, Victoria experienced a 2.6 per cent decline as dry conditions tempered enthusiasm, while South Australia's 25.6 per cent increase reflected catch-up from previous underperformance.”
Some 456 farms sold in WA last year according to the data.
Ms Radar said interest rate hikes, a global grain surplus, and forecast drier conditions could subdue price growth this year.
“For landowners and prospective buyers, farmland values have held up well over the long term,” she said.
“Short term performance will increasingly depend on local conditions, commodity specific factors, and the ability to manage climate variability.”
Victoria remains home to the most valuable farmland, recording an average price of close to $15,000/ha, or a total of $163b for about 11 million hectares.
Tasmania is not captured in this data. Rural Bank’s average for the apple isle was $23,202/ha in 2024.
