Farms sold in New Zealand

May 16, 2016

These details are drawn from the Real Estate Institute monthly reports for April 2016, and focus only on farm sales - excluding lifestyle blocks.

The market recorded 144 sales, which is -10% below the same month last year and -6.5% below the average April over the past four years.

The median price per hectare was $30,000 in April 2016, +10.3% higher than for March, and +4.6% above April 2015.

Lower average prices applied across Dairy, Grazing and Horticulture units.

April 2016 sales included:
 10 arable farms,
 18 dairy farms,
 33 finishing units,
 43 grazing properties,
 28 horticultural,
 15 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 - March 2016   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   71,161 33,507 24,857 6,717 15,126 244,365 148,917
                 
Northland   57,183 12,563 21,484 5,714 8,985 161,667  
Auckland   125,321 8,111 54,966 62,801 20,674 415,999  
Waikato   75,000 40,850 27,202   30,388 260,941 480,769
Bay of Plenty     19,953 33,259   21,149 300,833 24,839
Gisborne   16,919       5,175 60,027  
Hawkes Bay     22,332 20,430 18,361 7,655 100,000  
Taranaki     37,465 47,602 1,709 30,630    
Manawatu/Whanganui   15,066 22,913 23,095 10,309 6,813    
Wellington   60,000     7,527 3,865    
                 
Nelson   99,633 21,000 18,357 6,116 10,910 178,335  
West Coast     23,649     6,333    
Canterbury   34,646 44,706 27,181 15,165 14,818 30,731  
Otago   29,235 37,421 14,892 3,915 12,394   10,516
Southland   679,104 37,192 22,008   17,692    

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