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You have been asked to value a rural property. In completing your sales analysis, you've come across the following sale: 150 Great North South

You have been asked to value a rural property. In completing your sales analysis, you've come across the following sale: 150 Great North South Head Road, Bermuda Sale date: Sale Price: Area: 07/2020 $4,750,000 5 ha Land classification: Value of improvements: Level arable land $1,750,000 What is the land rate per hectare. OA. $950,000 per hectare B. $700,000 per hectare OC. $600,000 per hectare D. $1,300,000 per hectare

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