abc.net.au/news/wa-farmland-undervalued-100-million-dollar-sale-cherylton/101844822A property in the Western Australia's Great Southern region has sold for a new record price of $100 million and real estate experts say farmland values in the state have the potential to climb even higher.
"These assets, they look fantastic [and] they represent great value, when you look at the yields that you're achieving with the adoption of better technologies and precision farming."He said when the property was initially values at $90 million, he saw an element of disbelief from locals. Mr Smith said the median price per hectare in WA was sitting at just over $4,700, a figure that had doubled since 2018.
Source: Real Estate Daily Report (realestatedailyreport.net)
The article reports that an Aussie brought the property. If true, excellent. 👍
Can the ABC please use the term 'Expert' properly. It's not someone you grabbed off the street that has heard of the issue at hand, it's someone that is regarding by an industry as a leader in the industry of the issue you are reporting on.
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