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Global demand pushes up rural property prices
14 Apr 2009
Offshore corporate, private equity firms, investment managers and funds are pushing up rural property prices for high quality established operations, especially in northern Australia. Macquarie and other investment banks are putting together agricultural land portfolios to sell to investors on a scale not seen before in Australia say analysts from Meat and Livestock Australia. Credit Suisse estimates that global food demand will grow by 3.7 per cent per year over the next decade making agricultural land a good long term investment prospect, despite generally low profits in the agricultural sector currently.
The Australian Financial Review, 14/04/2009
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