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“The great untold story of Australian housing over the past two decades has been the resurgence of the nation’s smaller cities over the larger ones,” says John Winter. Louie Douvis
Farms were the surprise top performer of the Australian property market over the past 20 years, powered by high commodity prices, favourable weather conditions and – until recently – low interest rates, a new report has found.
Agricultural property values rose by 256 per cent over the past 20 years, compared to 164 per cent for industrial property (such as warehouses), 154 per cent for residential property, and 143 per cent for office property, according to analysis from the Australian Property Institute valuation report.
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