This would only be of little interest to most, but even farming and livestock property has risen heaps. Some land has gone up by over 50%, and most by 20 or 30% in 12 months. And I'm talking about 'real' farming land, that is land that would be bought by a farming family and worked as a business.

Land within 200 ks of Sydney, or 10 ks of a big rural center like Tamworth or Dubbo, or on the coast, has risen much more, due to wealthy city people buying for lifestyle. Sure there are still real farmers living and farming in these areas, but the land is so valuable that the
farmer would be much better of selling and moving to a cheaper area.

One problem this could cause is a reduction in return on equity for a farmer. Farms can have a huge difference in ROE, depending on the management, but with land up so much in price, it really means that a high proportion would make more by selling up and buying CBA shares. Of coarse its great for farmers who want to retire and its good to know we are worth more than we were last year.

I love what I do, growing crops, mainly sorghum in the summer and wheat/barley in the winter and we can still make a good living from it. I'm hoping to make my existence a bit safer by some off farm investments hence my interest in shares. Had a rental property once, never again.

Happy new year to all.
Just love this sharesguru site.

Cheers Sorgman.

Edited by gatekeepers

Happy New Year

Gatekeepers

There was hike in property prices last year ..but this rate hike cant sustain year o year .. So lets expect some cooling in property prices

stockmarketreviews, you are nothing but a polluter and I hereby sentence you to Hell where ye shall for eternity be twirled by ye grugeones and hung by ye bahlls.