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Home / The Country

Farm prices drop

24 Nov, 2005 09:59 AMQuick Read

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Farm prices have fallen from a September median of $873,000 to $825,000 last month. Real Estate Institute figures out yesterday showed a lacklustre result in the volume of deals, with 173 farms selling last month, the same number as in September.

Institute president Howard Morley attributed the $48,000 drop to
an increase in the number of cheaper properties being sold.

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