Farms sold in New Zealand

June 16, 2015

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

The market recorded 161 sales, which is one more than the same month last year but -4% below the average May over the past four years.

The median price per hectare was almost unchanged at $28,563 in May 2015 from the prior month, but +14% more than May 2014.

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

May 2015 sales included: 
  13 arable farms,
  23 dairy farms,
  27 finishing units,
  71 grazing properties,
  22 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 - May 2015   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   46,667 35,281 27,534 3,902 16,638 247,549 54,994
updating ...                
Northland   2,056 19,643 19,149 8,250 13,392 128,544  
Auckland   251,865 30,510 33,450 10,714 27,968 734,597  
Waikato   77,821 39,917 23,751   31,925 124,794 49,551
Bay of Plenty     33,142 28,617   23,876 261,002  
Gisborne       13,723 6,776 6,401 54,921  
Hawkes Bay       17,058 1,439 11,746 90,686  
Taranaki   46,212 58,049     31,564    
Manawatu/Whanganui   43,002 30,725 17,672 1,279 7,749    
Wellington   25,899 35,364 30,503 6,077 9,072    
                 
Nelson   62,807 12,703 29,971 3,664 8,178 162,151  
West Coast   6,557 23,365   4,139 10,525    
Canterbury   46,656 51,705 52,621 948 20,162 42,579 641,643
Otago   31,556 36,607 15,403   15,651 315,291 21,875
Southland   30,861 35,759 28,446   24,268    

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