THE LAND buying frenzy throughout the Wimmera region has hit a new peak with a 347 hectare (857 acre) parcel of land at Miga Lake, halfway between Natimuk and Edenhope, selling for a record $7750 an acre.
The price is a Wimmera record for dedicated farm land, comfortably eclipsing the $6820/ac paid at Kaniva last month.
It was offered by Theo Chasey, who had owned the block for 55 years and was bought by Tom and Lucinda Bourchier, who farm locally.
Max Brown, Nutrien Harcourts, who were responsible for selling the property, said it represented a quantum shift in pricing in the region.
“Around five years ago average values in the Miga Lake district were between $1800 to $2200 an acre,” Mr…