The value of farmland in the Toowoomba region is looking strong despite the Iran War, soaring fuel prices and higher interest rates.
According to valuer Herron Todd White’s latest Month In Review, the value of agricultural land in the region is still increasing.
“Market evidence from late-2025 indicates values in the range of $9,000 to $10,000 per acre for high-quality dryland cultivation country on the tightly held Bongeen Plains, reflecting strong demand for productive and strategically positioned holdings,’’ the report says.
“Assets in secondary locations outside the core plains have also recorded firming prices, with values generally ranging between $4,500 and $5,700 per acre (Darling Downs). “
The recent auctions of the remaining four properties in the international giant’s Proterra’s One Tree “reinforce this upward momentum.
Proterra’s portfolio consisted of 21 properties spanning 23,595 hectares in southern Queensland and northern NSW, featuring roughly 90 per cent arable land.
While most of the properties were snapped up in 2024 and 2025, the final four properties near Dalby covering 1762ha went under the hammer in March, with all selling to local buyers for a combined $19.05 million ($10,812/ha).
Herron Todd White said the outlook for prices was cautiously positive.
“Key external pressures persist, particularly stemming from geopolitical instability in the Middle East which continues to impact global supply chains for fuel and critical inputs such as urea,’’ the report says.
“This is contributing to elevated, potentially volatile input costs, with fertiliser availability remaining an ongoing risk in the near term.
“Notwithstanding these challenges, the short-term outlook remains cautiously positive.
“Late summer rainfall across key growing regions has materially improved soil moisture profiles, underpinning increased confidence for the upcoming winter cropping program.”
The valuer said wheat and barley prices had shown modest improvement since late-2025 while demand for feed-grade grain remained robust.
“In summary, while short-term volatility is expected due to input cost pressures and supply chain uncertainty, the combination of favourable seasonal conditions, improving commodity prices and strong underlying demand is continuing to support land values across south-eastern growing locations,’’ the report says.