Australian farmland prices surge at four times rate of capital cities amid fears of affordability crisis

Sale of a Holbrook property for $40m - which was $10m more than initial asking price - is indicative of record buyer demand

Farmland prices are soaring at quadruple the rates of median growth in Australia's capital cities - as 30-year price highs across agricultural commodities combine with low interest rates and generally good seasonal conditions.

Experts are beginning to warn that the exorbitant" price of farmland is prohibitive for those starting out, echoing city housing concerns.