There were two stories in my local newspaper that included land values. Interestingly, the two values were almost identical, but the parcels were of very different sizes. A cattle station south of Birdsville, extending over 1.65 million hectares, was valued at $33 million. A commercial site occupying 7,535m2 in North Adelaide has been bought by the State Government for $34 million.
On a per-hectare basis, those values work out at $20 and $45 million respectively. Like the real estate agents always say – location, location, location!