Bush up in the back paddock adds value to the farm—14 December 2015

New research from the University of Western Australia and the Centre of Excellence for Environmental Decisions (CEED) has found native vegetation can add between 4% and 25% to the value of a rural property.

The study examined the connection between sale prices of about 7200 rural properties in North-Central Victoria and native vegetation cover on those properties. The value of the native vegetation changes with the context of the land but in some situations the increased value can be considerable, adding between 4% and 25% to the value of the property. 

Media issued by the ARC Centre of Excellence for Environmental Decisions (CEED).

Image: Marfurlong Farm.
Image courtesy: Jennifer Luther Thomas.

Original Published Date: 
Monday, December 14, 2015