Farms sold in New Zealand

Posted in Rural News

March 19, 2014

These details are drawn from the Real Estate Institute monthly reports for February 2015, and focus only on farm sales - excluding lifestyle blocks.

The market recorded 144 sales, which is two less than the same month last year but +33% above the average February over the past four years.

The median price per hectare was unchanged at $28,009 in February 2015 from the prior month, but +24% more than February 2014.

Higher average prices applied across for dairy and horticulture units, but were lower for other types of farms.

February sales included: 
    6 arable farms,
  33 dairy farms,
  27 finishing units,
  48 grazing properties,
  25 horticultural,
    5 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 - February 2015   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   45,000 45,105 22,186 8,676 16,161 264,745 51,739
updating ...                
Northland   8,263 13,908 5,525   8,649 128,552  
Auckland   155,028 40,616 59,101   21,652 455,312  
Waikato   415,359 55,048 10,528   25,540   51,739
Bay of Plenty     33,885     20,789 300,000 39,362
Gisborne         15,625 5,736    
Hawkes Bay       8,621 1,434 9,457 136,153  
Taranaki     51,283 6,122 3,252 23,547    
Manawatu/Whanganui   23,141 27,622 21,815 8,676 14,812    
Wellington     32,501 16,363 12,434 9,544    
                 
Nelson   228,588 21,708 20,966   9,673 120,442  
West Coast     8,920   6,417 3,512    
Canterbury   32,152 50,425 30,175 12,233 26,000 151,496 23,882
Otago   10,752 43,489 26,071   8,968    
Southland     43,067 33,842   15,438    

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

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