Kerang, Echuca, the Wimmera: Find Victoria’s best-value farms for sale

Rural property prices are soaring, but not everyone has big money to spend. See our list of the best-value farms on the market.

Buyers across the country can’t get enough of Australian rural property and the red-hot market is showing no signs of slowing down.

Low interest rates and strong commodity prices have created soaring demand, which has resulted in rapid price growth of farms of all shapes and sizes.

But not everyone has the big bucks to spend, so The Weekly Times has searched high and low for some the best-value farm properties on the market.

LOWEST PRICE (PER HA)

LALBERT-KERANG RD, LALBERT, VIC

246.86ha mixed farming

$3967.48 per ha ($976,000)

If you are looking for the best value, farms in northern Victoria sit at the top of the tree.

This mixed farming lot, located 30 minutes from Kerang, was marketed as ideal land for a small cropping enterprise to add to existing land or as a grazing block.

The Normanville pipeline is connected with red loamy to red clay soil types on the property.

WORSLEY RD, TRAGOWEL, VIC 3579

260.62ha livestock

$4403.85 per ha ($1,145,000)

This property is well positioned close to the township of Kerang in a tightly held district. The soil types are grey to black self-mulching. The farm is sown down to shaftal clover and rye with the balance oats and barley. Ideal for a farmer looking to expand their existing operation.

A 260ha farm on Worsley Rd at Tragowel is on the market for an asking price of $4403.85 a hectare.

PLEASANCE RD, TRAGOWEL, VIC 3579

260.62ha mixed farming

$4446.15 per ha ($1,155,600)

Tragowel, in northern Victoria, is also home to this diverse farm listing. For a bit over $1m, the property includes 161ha of fully lasered irrigation and 97ha of dry land country.

The vendors have previously sown mostly to annual pastures, with 14ha of lucerne.

GILLIES RD, BEAUCHAMP, VIC 3579

352.58ha cropping

$4201.70 per ha ($1,479,000)

If you want to get a start in cropping, or expand your operation, this 352.58ha farm in Victoria’s west could be an option. Close to Lake Charm, the farm is established on red loamy clay and has major road frontage. With an asking price of about $4201.70 a hectare, this farm could be one of the best value buys in the state.

1 JEFFREYS NORTH RD, BOORT, VIC

121.41ha cropping

$4537.19 per ha ($549,000)

This northern Victoria farm is home to a winter cropping block with sheep agistment and has black self-mulching clay soil. With irrigated cropping and grazing country already established, this farm could be the stepping stone to bigger things.

Carroll Rd farm at Echuca.

1408 KERANG-MURRABIT RD, WESTBY, VIC

112.99ha livestock

$5752.21 per ha ($650,000)

For less than $700,000, this Westby farm includes more than 100ha of land as well as a four-bedroom two-bathroom weatherboard home. Paddocks are sown mostly on Wimmera rye and sheep are the primary livestock run on the land.

CARROLL RD, ECHUCA, VIC 3564

153.78ha cropping

$6457.51 per ha ($988,000)

This farm, located eight minutes from the Echuca CBD, is producing summer lucerne under the Timerite Program with the CSIRO. The property is fenced into 11 paddocks with laneways for convenient access and each with their own water troughs. At $6457.51 per ha, it is one of the cheapest cropping farms on the market right now.

13 MCPHAIL RD, TRAGOWEL, VIC 3579

218.13ha mixed farming

$6880.73 per ha ($1,500,000)

For $1.5m you can get your hands on this 200ha northern Victoria farming operation and home. The farm has been sown to oats, ryegrass and lucerne and runs Dorper sheep.

There is also a three-bedroom heritage brick home with 6kW solar system.

Mafikeng property Yarram Park Rd.

8499 MURRAY VALLEY HWY, KERANG EAST, VIC

103.19ha cropping

$7281.55 per ha ($750,000)

For $750,000, this 100ha cropping farm is up for grabs. At this size it could act as an additional piece to an existing operation. The farm has a selection of infrastructure and is located 8km from Kerang.

YARRAM PARK RD, MAFEKING, VIC

129.5ha mixed farming

$7364.34 per ha ($950,000)

For under a $1m, this mixed farming lot is home to stunning southern Grampians views and a diverse landholding. The land is well suited to grazing and also could be suitable for primary produce growing. Groves Real Estate sales consultant Sam Groves said it was rare to see “pristine properties of this scale” on the Western District property market.

Budgerum East cropping property at 123 Fenton Ln.

SOMETHING BIGGER

As with any resource, if you want more, you’re going to have to pay more.

Are any of these larger farms in your price range?

123 FENTON LN, BUDGERUM EAST, VIC 3579

350.05ha cropping

$6214.29 per ha ($2,175,500)

This northern Victoria farm offers a broadacre farming opportunity, at one of the lowest cost per ha in the state. But for over $2m you are paying for 350ha of scale. The farm is home to sandy Mallee soils and includes a three-bedroom weatherboard home, two-car garage, garden shed and four-bay machinery shed. Parcels this large are rare in the Mallee, and at this price it is one of the best value farms for sale in the state.

Kaniva property.

3289 WESTERN HWY, KANIVA, VIC 3419

450.01ha mixed farming

In the wide expanses of the Wimmera, 450ha of cropping country can be hard to find.

This property comprises rich red loamy soil which has delivered great results over the past years. The Kaniva farm is up for sale via expressions of interest, with demand to set the price for this expansive listing.

544 VINE LN, OUYEN, VIC 3490

576.27ha cropping

Auction: Thursday March 10 at 12:00pm.

Nearly 600ha of Mallee cropping land is on the market, with its size and scale opening the door for farmers new and old. Both parcels are currently leased, expiring on February 28, 2023. The lease payment is equivalent to approximately $86.49 per ha. An arrangement like this could be one of the best ways to get your hands on some of the state’s most valuable land.