Favourable growing conditions, a low Aussie dollar and strong commodity prices helped prime farmland deliver a total return of 14.9 per cent for the year to March 2020, up from an annualised 13 per cent in the December quarter, according to the latest Australian Farmland Index.
Permanent crop properties like vineyards delivered positive returns.
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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
