Dairy farm demand boosts prices
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Economists say a heightened demand for dairy farms in south-west Victoria is pushing up prices.
According to the ANZ Bank's Regional and Rural Quarterly report, the region is experiencing a mini-boom.
ANZ economist Paul Deane says properties are fetching up to $10,000 an acre.
He says buyers are looking for areas with predictable rainfall.
"Certainly for the southern regions where ... rainfall is more predictable and ... higher rainfall overall, I mean those areas are certainly in demand given the way seasons have gone ... north of the divide and so people are looking for that more predictable rainfall," he said.
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