Lower macadamia prices are “good news”, Rural Funds boss David Bryant says, as the $1.5 billion diversified agricultural trust reported solid full-year results, but cut its earnings outlook mainly because of rising interest rates.
Mr Bryant also said cattle and almond property values have probably “plateaued”.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
