HOT TOPICS:   2015 series  |  Double shots  | Top 10 at 10                                                  RESOURCES:    Economic calendar   |   Rent or buy

Farms sold in New Zealand

Posted in Rural News

December 16, 2014

These details are drawn from the Real Estate Institute monthly reports for November 2014, and focus only on farm sales - excluding lifestyle blocks.

The market recorded 135 sales, which is -23% less than the same month last year but 8% above the average November over the past four years.

The median price per hectare was up +8.3% at $29,834 in November 2014 from the prior month, but +24% more than November 2013.

Higher average prices applied across the board, except for forestry blocks and grazing units.

November sales included: 
    4 arable farms,
  37 dairy farms,
  24 finishing units,
  46 grazing properties,
  18 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 - November 2014   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   66,990 36,825 26,545 7,702 14,811 186,615 21,702
                 
Northland   82,988 17,564 15,932 5,505 13,797 285,448 2,540
Auckland   118,030 32,683 33,889 6,905 24,785 472,018 341,446
Waikato   75,923 41,227 33,423   42,045 176,667 21,735
Bay of Plenty   456,326 31,087 49,151   12,111 205,000  
Gisborne   17,883     18,523 6,983 30,769  
Hawkes Bay   43,735   20,000   4,398 138,763  
Taranaki     53,922   12,153 15,234   628
Manawatu/Whanganui   23,012 20,184 25,840 3,609 14,234   27,415
Wellington       14,271 3,949 45,960 116,369  
                 
Nelson     9,312 48,897 2,459 6,459 143,179  
West Coast     19,817     11,212    
Canterbury   50,491 19,849 33,291 14,166 13,434 66,500 31,176
Otago       19,224   8,003    
Southland   30,155 42,815 23,521 19,000 13,187    

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

Topics: