Westpac will halt regional branch closures during a Senate inquiry examining the exit of banks from rural towns amid mounting political pressure to show good faith to country customers. A spokesman for Westpac said it would postpone the closure of eight banks in rural areas across the country, and there would be no decisions on…
Australian Agriculture to Stay Strong Amidst Volatile Conditions
Australia’s agricultural outlook continues to remain strong amidst wet weather and complex global conditions, a report has found. According to Rural Bank’s latest agriculture outlook report, although the global environment was still unstable, Australian farmers continued to benefit from high commodity prices and robust production. Andrew Smith, the head of sales of Rural Bank, said…
Australia’s Rural Land Prices Leap to Record Highs: Report
The prices of Australia’s farmland prices have soared by 20 percent in 2021, reaching the highest growth in 27 years. According to the Australian farmland value report by Rural Bank, the median price of rural land increased over eight consecutive years with a total growth of 123 percent by 2021. It now stood at $7,087…
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