Agricultural property has not escaped the economic turmoil of COVID-19, even as the longer-term future remains positive, with the annual return in a key index slowing to 12.81 per cent in the June quarter from March.
The fall in the Australian Farmland Index from its year-on-year 14.9 per cent gain in the previous three months reflected the uncertainty of the global environment, commentary accompanying the latest quarterly index said.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
