Farms sold in New Zealand

July 17, 2017

These details are drawn from the Real Estate Institute monthly reports for June 2017, and focus only on farm sales - excluding lifestyle blocks.

The market recorded 125 sales, which is 4.6% below the same month last year and 16.1% below the average June over the past four years.

The median price per hectare was $25,993 in June 2017, 4.5% lower than May, and 1.4% below June 2016.

Compared to June 2016, lower average prices applied across Arable, Grazing and Horticulture.

June 2017 sales included:
3 arable farms,
10 dairy farms,
50 finishing units,
10 forestry properties,
30 grazing properties,
21 horticultural,
1 Special

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 2017   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand 25,993 41,767 34,789 27,613 5,226 10,093 159,161 167,682
                 
Northland 10,587   12,949 25,636 11,062 9,666 167,216  
Auckland 36,964 50,133 101,951 40,623   13,887 183,829 167,682
Waikato 35,547 41,186 38,281 34,913 1,548 15,412 100,548  
Bay of Plenty 131,265 55,566 23,411 41,168   16,065 281,608  
Gisborne 20,925 18,226   6,792 18,987 6,184 111,973  
Hawkes Bay 20,458 36,804   9,339 22,326 11,438 132,841  
Taranaki 33,499   51,875 25,887   12,658    
Manawatu/Whanganui 14,144 27,350 32,219 18,724 21,458 8,097    
Wellington 26,627 116,484   30,936   5,721    
                 
Nelson 19,343   18,037 32,117 4,354 13,981 149,701  
West Coast 11,548     13,290   9,806    
Canterbury 27,675 47,838 48,754 28,188 4,699 9,595 43,004  
Otago 17,136   35,265 20,965 20,691 8,925 143,682  
Southland 22,869 28,814 24,138 23,578 5,414 15,109    

You can find current farms for sale and listed on the market here.

for more perspectives, see

- Exchange rates
- Commodity prices
- Farm cost indexes
- Interest rate trends
- Rural credit aggregates
- Farm sales activity
- Farms for sale
- International dairy prices

for saleyard and processor price trend graphs, see

- lamb
- beef
- deer
- velvet

Farm sales

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