THE high Australian dollar is the last barrier to global buyers gobbling up even larger chunks of agricultural land.
Real estate industry leaders say international companies were actively "hunting for bargains" in a farm sector still recovering from the drought.
Multinational companies and investment trusts were buying farm land across the world to capitalise on long-term optimism about food production.
"There is widespread interest in rural land in Australia and it is global," Elders rural real estate manager Shane McIntyre said.
"All we need now is an early autumn break and things will accelerate further," Pat Rice and Hawkins managing director Peter Hawkins said.
A big Chinese company was in the final stages of buying a large irrigation property in the Riverina, according to Rawlinson and Brown managing director Lawry Owers.
Landmark national real estate operations manager Mark Brooke said there was "quite a lot of international interest across all sectors" of Australian farm land.
Mr Brooke said the high dollar was holding back some global investors which he identified as chiefly from America, Asia (particularly China) and Europe.
"In world terms, Australia is quite attractive," he said.
"There is a low capital investment, a secure financial environment, a stable government and the cost of production is well known."
Agents said while international demand was growing fast, farm prices were still rising slowly after "bottoming out" during the drought.
Mr McIntyre identified the eastern Riverina, the Wimmera and central Western District as experiencing strong domestic demand.
