Carbon farming set to see value of 'flogged out' rural properties skyrocket, say land valuers
ABCIn outback Australia, years of drought have left many rural properties "flogged out" or degraded, but experts say they are now set to skyrocket in value due to their carbon potential. Tim Lane, national client manager at property valuers Herron Todd White, said degraded land would be of greater interest to investors than well-maintained properties. "So it will be really interesting to see how they balance out the demand for carbon credits but also the cost of sort of remediating degraded land and where the trade-off is there," Manager of Agriculture with South Pole Alice Debney said. Valuers bring on carbon staff Herron Todd White, one of the largest independent property valuation and advisory groups in Australia, now has six staff nationally in its "carbon team".
History of this topic
Discover Related
