July 16, 2015
These details are drawn from the Real Estate Institute monthly reports for June 2015, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 158 sales, which is ten more than the same month last year but +16% above the average June over the past four years.
The median price per hectare was $29,141 in June 2015, +2% above from the prior month, but +10% more than June 2014.
Higher average prices applied across across all farm types except arable and finishing units.
June 2015 sales included:
16 arable farms,
15 dairy farms,
28 finishing units,
69 grazing properties,
7 farms of other types
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - June 2015||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||30,025||28,579||20,725||258,517|
for more perspectives, see
for saleyard and processor price trend graphs, see