For your reference, below is the 2019 farmland land value report provided by Rural Bank Australia. In WA, the average annual growth rate of farmland value is around 4%
Property Type: Freehold Land
Address: Ajana WA
Parcel Size: 150 acres
Price: $500,000 AUD
This 150 acre lot is situated on Brooks road, Ajana, which is suitable for Buyers looking for some peace and quiet. Only 1.5 hours drive from Geraldton, this area has good soil types and good weather for starting a hobby farm or any farm operation. The property is perfect for someone wishing to start a country farm lifestyle and potential for retirement home. Land has a livable house with services: power, sewer and water is available. It is a good price to acquire a big piece of land.
On the property, there is a two- storey, 5-bedroom house in average condition, originally built for a large family. Fertiliser and machinery storage are achieved with a 10m x 17m concrete floored fertiliser shed with attached 4m x 8m workshop and a 7m x 15m machinery shed with gravel floor. Grain storage is through a combination of 4 silos with an approximate capacity of 85t.