Strong cattle prices, cheap money spur property sales

Mark Phelps
December 30 2020 - 6:00am
FarmBuy Real Estate
RECORD PRICES: The Daniels family from Cloncurry paid a stellar $35 million for the 97,500 hectare (240,928 acre) Gulf property Nardoo, including 5500 cattle.
RECORD PRICES: The Daniels family from Cloncurry paid a stellar $35 million for the 97,500 hectare (240,928 acre) Gulf property Nardoo, including 5500 cattle.

THE potent combination of record high cattle prices, extraordinarily low interest rates and agriculture suddenly finding itself as the 'safe haven' for investors in a COVID-19 rocked world, saw land values escalate to never seen before levels during 2020.

Mark Phelps

Mark Phelps

Journalist

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