What tractors cost in Australia, by horsepower

Asking prices on 15 live Australian tractor listings run from $26,990 for a new 40 hp tractor to $719,203 ex GST for a 620 hp 4WD. Three new 102 to 130 hp cab tractors ask $96,500 to $99,990, and a used 140 hp Case IH asks $140,000. Hours, loader, brand and GST wording move the price.

A tractor has no single price. A new 100 hp Lovol cab tractor asks $54,990, a new 102 hp Landini cab with a front-end loader asks $99,990, and a used 120 hp Claas with 3,864 hours asks $110,000. Many makers publish no price at all. Horsepower sets the first cut, then come new or used, hours, cab, loader, brand and whether the price includes GST. This guide sets out 15 live listings across five states, price against horsepower, new against used, how to read the wording on a listing, and how the purchase is funded.

What tractors cost in Australia

This table surveys 15 listings on OnlyAg, an Australian farm machinery marketplace, on 22 October 2026, from a 23 hp Kubota to a 620 hp Versatile 4WD, across five states. The numbers in brackets are the ID in each OnlyAg page title. Figures are the seller's asking prices, indicative market data and not Ventas offers. The set has no listing from Tasmania, the ACT or the Northern Territory, and Queensland is over-represented because one large dealer, Black Truck and AG, has many listings. Hp is as shown on the listing, and PTO is power take-off. Where a listing shows no hp, the class is our grouping by model. For brand lists, see our John Deere and Kubota guides.

Three things stand out. First, a 100 hp price depends on brand and fit-out: a new 100 hp Lovol cab tractor asks $54,990 (OnlyAg 2554) and a new 102 hp Landini cab with a loader asks $99,990. Second, large used tractors still ask serious money: a 2021 Fendt 927 with 3,630 hours asks $286,000 drive away (OnlyAg 5091), and the 2019 Optum 270 with 1,033 hours asks $308,000. Third, the New Holland T8.410 listing includes a receiver and an RTK radio (seller comment), so guidance kit is inside the number.

Price against horsepower

Horsepower is the one number every seller states, so it is the cleanest way to compare. One Victorian dealer, TannerTrack of Pakenham, lists a new Lovol range that shows the climb. Dollars per horsepower is our arithmetic, and it ignores the mixed GST wording.

That is $550 to $700 a horsepower from one maker. Some new listings from other makers run higher: $805 for the 82 hp Massey Ferguson, $980 for the 102 hp Landini with a loader, and $1,160 for the 620 hp Versatile before GST. The used 140 hp Case IH asks $1,000 a horsepower.

The market behind the prices. The Tractor and Machinery Association of Australia (TMA) counted 9,521 new tractors sold in 2025, down 7.0% on 2024 and the lowest in a decade (reported by Maquinac). Farm Machinery Sales rounds it to about 10,000. In 2025 the 40 to 100 hp band held (+1.5%) while 100 to 200 hp fell 11.8% and 200 hp plus fell 15.6%. To August 2026, sales were down 12%, with 100 to 200 hp down 13.0% and 200 hp plus down 9.4%. TMA's bands are under 40, 40 to 100, 100 to 200 and over 200 hp. John Deere led 2024 sales with 19.2%, then Massey Ferguson with 15.4% and Kubota with 10.7%.

New or used: what the listings show

Three new 102 to 130 hp cab tractors sit in a tight band: $96,500 egc for a Landini Rex T3 110F (102 hp, stock 530170-BSE), $99,990 for the Landini Powerfarm 110 with a loader, and $99,990 inc GST for the 130 hp Lovol P5130. The same Queensland yard, Black Truck and AG, lists four used tractors in that size range:

Hours explain part of the spread, since the 2016 T6.140 has about twice the hours of the Kubota. Fit-out also matters: the Maxxum includes a Challenge front-end loader, third function and bucket (seller comment). A 2024 John Deere 5115M with 749 hours asks $90,000 plus GST, which is $99,000 with GST (our arithmetic), within $1,000 of the new Landini with a loader. Two used 93 to 95 hp tractors in NSW, a 2021 Kubota M5091 and a 2018 New Holland T4.95 with 3,798 hours, ask $49,000 drive away and $47,245 (the seller's comment says $42,950 plus GST). A 2020 Massey Ferguson 5710 with 6,985 hours, an ex-shire mowing tractor in Western Australia, asks $62,500 from a private seller, with hp not stated.

John Deere, Massey Ferguson and Kubota led 2024 sales, and lenders tend to be most comfortable with machines that have deep resale. That is a reason to price a used machine against its own make, hours and fit-out, not against a headline hp.

How to read the price on a listing

Prices on tractor listings use the seller's own wording, and GST alone is 10 per cent of the number.

Whether you can claim the GST back depends on your registration and how you use the tractor, so ask your accountant. Other items move the sticker price. The Lovol M1504 is priced without a loader but with front weights. The John Deere 5115M sits in Proserpine while the dealer is in Gulmarrad NSW, with freight quoted on request. Tyres, attachments and guidance kit can be extra, so list what is included before you compare.

Financing a tractor purchase

Tractors are normally funded with a chattel mortgage: you own the tractor from settlement, and the lender registers its interest on the PPSR and releases it when the loan is paid out. Terms, deposit and any balloon, a lump sum due at the end, vary by lender. Ventas is a finance broker, not a lender, so we do not quote rates here. They depend on the lender, the security and the file.

Lender appetite is uneven. Mainstream brands with deep resale are easier to fund. Lenders are more cautious on thin-resale brands, older or high-hour machines, private sales and auctions, new ABNs and borrowers with no property, and may want a deposit or a shorter term. A lifestyle-block tractor with no business use may fall under consumer credit rules. Maker and dealer offers usually cover new, in-stock machines on their own deposit and term.

Illustrative only, subject to lender assessment. A realistic purchase of a new 102 hp cab tractor with a loader:

And how it is typically funded:

Property owners may get more of the asset funded. A property-backed loan can cover the gap, at the cost of putting your property at risk.

To get a number from Ventas, send the make, model, year and hours, the price and GST treatment, the seller type, your ABN age, whether you own property, and whether the use is business. Start at tractor finance, the tractor finance calculator or agricultural finance. Finance is subject to lender assessment and approval.

This is general information only and not financial, credit, or tax advice. Figures are indicative market data from the sources listed, not Ventas offers, and move with the market. Consider your own circumstances and speak to a professional. All finance is subject to lender assessment and approval.

This article is general information only and not financial, credit, or tax advice. Ventas Asset Lending is a finance broker, not a lender. Approvals are subject to lender assessment. Consider your own circumstances and speak to a qualified professional, including your accountant for any tax questions.