Les Van Farm, located on Tasmania’s east coast, recently sold for around $15 million and features a stunning 10-kilometer private beach. This property highlights a trend of increasing interest from Tasmanians in local rural assets, with all three recent sales in the region being purchased by locals. Country property manager Lachie Donauf noted that these buyers are investing not only in agriculture but in lifestyle and beauty.
The new owner of Les Van Farm, John Kelly, a Hobart City Councilman, has deep ancestral ties to the area, tracing his great-grandfather’s history back to when he worked on a nearby farm. Kelly aims to reintroduce livestock and implement regenerative agriculture practices while appreciating the property’s rich heritage and potential.
Tasmania’s farmland values are on the rise, with the median price reaching $23,202 per hectare. Smaller plots are attracting premium prices, but larger properties often take longer to sell. Increased inquiries from interstate buyers, particularly from South Australia and Victoria, have risen by 34% over the past year, driven by Tasmania’s water security and climate stability.
Despite the positive trends, some market hesitation persists as buyers await improved conditions. The next significant property expected to hit the market is a vast 22,000-hectare dairy farm in northeastern Tasmania, which has been listed for a year.
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