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dc.contributor.authorEves, Alfred C.en
dc.date.accessioned2009-10-22T01:03:24Z
dc.date.issued2007-01en
dc.identifier.citationEves, C. (2007). NSW rural land performance : 1990-2005. In Proceedings of the 13th annual conference of the Pacific Rim Real Estate Society, Fremantle, Western Australia, 21-24 January 2007.en
dc.identifier.urihttps://hdl.handle.net/10182/1244
dc.description.abstractThe annual income return for rural property is based on two major factors being commodity prices and production yields. Commodity prices paid to rural producers can vary depending on the agricultural policies of their respective countries. Free trade countries, such as Australia and New Zealand are subject to the volatility of the world commodity markets to a greater extent than those farmers in protected or subsidised markets. In countries where rural production is protected or subsidised the annual income received by rural producers has been relatively stable. However, the high cost of agricultural protection is now being questioned, particularly in relation to the increasing economic costs of government services such as health, education and housing. When combined with the agricultural production limitations of climate, topography, chemical residues and disease issues, the impact of commodity prices on rural property income is crucial in the ability of rural producers to enter into or expand their holdings in agricultural land. These problems are then reflected in the volatility of the rural land capital returns and the investment performance of this property class. This paper will address the capital return performance of a major agricultural area and compare these returns on the basis of both location of land and land use. The comparison will be used to determine if location or actual land use has a greater influence on rural property capital returns. This performance analysis is based on over 35,000 rural sales transactions. These transactions cover all market based rural property transactions in New South Wales, Australia for the period January 1990 to December 2005. Correlation analysis and investment performance analysis has also been carried out to determine the possible relationships between location and land use and subsequent changes in rural land capital values.en
dc.format.extent1-16en
dc.language.isoenen
dc.publisherPacific Rim Real Estate Society.en
dc.relationThe original publication is available from - Pacific Rim Real Estate Society. - http://www.prres.net/Confrences/en
dc.source13th Pacific Rim Real Estate Society Conferenceen
dc.subjectAustraliaen
dc.subjectrural landen
dc.subjectrural economicsen
dc.subjectrural land valuesen
dc.subjectrural land useen
dc.subjectrural land investmenten
dc.subjectinvestment performanceen
dc.subjectrural property pricesen
dc.subjectNew South Walesen
dc.titleNSW rural land performance : 1990-2005en
dc.typeConference Contribution - Published
dc.subject.marsdenFields of Research::300000 Agricultural, Veterinary and Environmental Sciences::300900 Land, Parks and Agriculture Management::300901 Farm management, rural management and agribusinessen
dc.subject.marsdenFields of Research::340000 Economics::340200 Applied Economics::340201 Agricultural economicsen
lu.contributor.unitLincoln Universityen
lu.contributor.unitFaculty of Agribusiness and Commerceen
lu.contributor.unitDepartment of Land Management and Systemsen
pubs.finish-date2007-01-24en
pubs.organisational-group/LU
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce/LAMS
pubs.publication-statusPublisheden
pubs.publisher-urlhttp://www.prres.net/Confrences/en
pubs.start-date2007-01-21en
lu.subtypeConference Paperen


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