Farms sold in New Zealand

July 18, 2016

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

The market recorded 131 sales, which is 17.1% below the same month last year and 10.9% below the average June over the past four years.

The median price per hectare was $26,361 in June 2016, 1.2% lower than for May, and 9.5% below June 2015.

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

June 2016 sales included:
 12 arable farms,
 7 dairy farms,
 30 finishing units,
 48 grazing properties,
 24 horticultural,
 10 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 - June 2016   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   45,226 32,615 25,941 5,116 16,604 223,165 143,150
                 
Northland     11,544 15,531 4,545 12,500 130,138  
Auckland   164,220   43,575   37,716 481,862 1,344,134
Waikato   75,000 40,795 28,637   25,057 260,941 148,917
Bay of Plenty     40,748 33,259 3,496 20,672 274,510 24,839
Gisborne   23,502       10,679 40,637  
Hawkes Bay   24,519 16,484 27,800   6,332 142,146  
Taranaki     38,471   1,709 28,502    
Manawatu/Whanganui   44,099   20,992 10,301 12,509   13,097
Wellington   69,322 28,135 33,485 2,274 5,771 26,331  
                 
Nelson   18,372 22,746 19,544 6,893 12,244 206,250 22,651
West Coast     33,141          
Canterbury   22,570 43,396 38,592 10,141 15,030 35,732  
Otago   11,301 30,001 11,146 7,949 15,018    
Southland   34,594 37,529 22,412 6,541 19,510    

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