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An analysis and comparison of rural land sales

Eves, Chris & Newell, Graeme (1998) An analysis and comparison of rural land sales. In American Real Estate Society Conference, 15-18 April 1998, Monterey, California. (Unpublished)

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Abstract

Rural land prices, in developed, free trade real estate markets, are influenced not only by prevailing economic conditions but also physical factors such as climate, topography and soil type. In broad acre farming and grazing operations, both commodity price and yields determine farm income. Yields, in turn, are a function of climate, topography and soil type.

The strength of a rural land market is influenced by the overall rural economy in a Country, State or region. These differences in rural land markets can also vary within smaller regions.

It has been held that rural land, in relative safe production areas, is less effected by adverse economic and climatic factors than land in more marginal agricultural areas.

This paper will analyse rural land sales in both traditional cropping areas and marginal cropping areas for the period 1975 to 1996. The analysis will determine the overall trend in rural land prices over the period, compare the average annual return between marginal and established farming areas and determine which economic and production factors have influenced this change.

The impact of this analysis will also be discussed in relation to rural land appraisal.

Impact and interest:

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ID Code: 28882
Item Type: Conference Paper
Additional URLs:
Keywords: Rural land prices, farm investment returns, rural land appraisal
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > COMMERCIAL SERVICES (150400) > Real Estate and Valuation Services (150403)
Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Past > Schools > School of Urban Development
Copyright Owner: Copyright 1998 [please consult the authors]
Deposited On: 27 Nov 2009 11:45
Last Modified: 11 Aug 2011 02:28

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