Farms sold in New Zealand

August 19, 2015

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

The market recorded 114 sales, which is down 14% on the same month last year but +14% above the average July over the past four years.

The median price per hectare was $27,800 in July 2015, down $1,400 per hectre from the prior month, but +4% more than July 2014 and +35% above July 2013 prices.

Higher average prices applied across across all farm types except arable and finishing units.

July 2015 sales included: 
  13 arable farms,
  3 dairy farms,
  23 finishing units,
  52 grazing properties,
  15 horticultural,
    6 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 - July 2015   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   51,438 35,304 30,559 6,472 15,824 225,912 23,264
updating ...                
Northland   68,304 19,203 14,564 3,909 12,174 115,052  
Auckland   330,166 25,738 34,987 14,647 52,272 374,536 165,698
Waikato   102,365 39,917 27,853   23,576   49,551
Bay of Plenty     33,142 33,100   12,854 268,397  
Gisborne             202,975  
Hawkes Bay   18,827   11,495   10,340 98,653  
Taranaki     31,007 21,024   39,158    
Manawatu/Whanganui   21,695 20,833 9,475 10,187 7,748 19,674  
Wellington   26,099   35,531 3,134 8,846   2,364
                 
Nelson       34,640 1,680 8,845 135,913  
West Coast     12,998     5,846    
Canterbury   45,001 46,173 38,472 9,035 17,457    
Otago   27,234 26,678 43,446 855 12,480 39,179 35,540
Southland   17,492 36,503 54,843   24,700    

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