In this section
Farms sold in New Zealand
November 18, 2013
These details are drawn from the Real Estate Institute monthly reports for October 2013, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 128 sales, which is 75% more than the same month last year and almost 80% above the average over the past four years.
The median price per hectare rose to $24,540 in October 2013, 7% higher than a month ago, and 23% higher than October 2012.
Higher average prices were seen for arable, grazing and dairy units, while lower average prices were seen for finishing properties compared with those same categories in September; all others were stable.
October sales included:
7 arable farms,
19 dairy farms,
19 finishing units,
67 grazing properties,
7 farms of other types
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - October 2013||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||25,182||21,541||16,385||99,929|
for more perspectives, see
for saleyard and processor price trend graphs, see