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Farms sold in New Zealand

Posted in Rural News

October 15, 2014

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

The market recorded 108 sales, which is -2% less than the same month last year but 25% above the average September over the past four years.

The median price per hectare was virtually unchanged at $26,000 in September 2014 from the prior month, but was 14% higher than September 2013.

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

September sales included: 
    9 arable farms,
    9 dairy farms,
  13 finishing units,
  44 grazing properties,
  26 horticultural,
    7 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 - September 2014   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   54,000 40,462 30,437 10,052 15,165 149,763 25,506
                 
Northland   82,988 15,624 9,929 5,684 9,202 153,562 11,775
Auckland   331,384 24,398 51,417 10,052 24,785 488,538 12,934
Waikato   66,304 47,561 33,024   22,046 34,052  
Bay of Plenty   456,326 36,825 100,000   16,098 196,584  
Gisborne   17,883     22,273 10,534 30,769  
Hawkes Bay   18,837   26,545   27,897 109,375  
Taranaki   251,479       31,962    
Manawatu/Wanganui   21,692   18,967   16,374 82,500 33,164
Wellington   35,882   14,271   24,641    
Nelson   319,553 10,882 30,835 2,578 4,697 132,782 4,619
West Coast     30,583 28,095   7,534    
Canterbury   50,491   41,089 17,822 15,147   159,649
Otago   16,103   21,071 18,021 15,227   30,000
Southland   32,366 47,902 23,060 10,665 14,499 83,893  

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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