Last Friday, the firm attended the Herron Todd White Rural Property Update breakfast. The event had over 160 attendees. Many industry professionals, Government representatives, investors and small to medium enterprises which makes up a portion of managing Queensland's agribusiness sector all came together to review and discuss market trends, expectations and provided insight into some of the most controversial issues within the agribusiness space.
At the event, Herron Todd White provided some interesting facts and figures confirming that the water market indicative values were on the rise and that it continued to affect the majority of agriculture sales across Queensland. In particular, a high water supply demand currently exists at Barron at $2,000ha-$2,500ha, Border Rivers at $2,000ha-$2,500ha and Fitzroy at $1,600ha -$1,800ha/ML.
The Queensland broadacre property sales for 2016 indicated southern Queensland had the most sales compared to central and northern Queensland. From the period 2000 to 2016 the market has seen a steady increase of property values in Queensland and forecasts that the market will set to rise at a steady pace through 2017.
Anderssen Lawyers services both Queensland and Australia's rural property sector, so if you think we can assist you please give us a call. We would be delighted to hear from you.