Australia is in the throes of an “avalanche”, with the consumption of avocados tripling in the last 10 years, production rising to over 122,197 tonnes in 2021/22 – 56 per cent more than the previous year – and the industry now worth over $460 million.
And, with an official National Avocado Day on July 31, smashed avo on every self-respecting cafe’s breakfast menu and an annual countrywide competition for Australia’s best avo toast (won this year by Brisbane’s Little Hideout Cafe with a roast tomato aioli, whipped fetta and radish dish), what better time to buy an avocado farm?
Avocado farmer and real estate agent Kevin Debreceny agrees, especially as he’s just put his sweeping 51.4-hectare avocado farm in the NSW Port Macquarie hinterland up for sale, with a price guide of $6.15 million to $6.5 million.
“It’s been joyous to be involved in the avocado industry and I think it’s probably the best-organised horticultural industry in Australia,” he said. “But I’ll be 70 next year and I want to retire. While it’s a sad decision to make and it’s been fantastic, it’s time to move on and take things a bit easier. A lot of farmers die with their boots on in the paddock and I don’t want that.”
Source: CommercialRealEstate