Farms sold in New Zealand

March 15, 2017

These details are drawn from the Real Estate Institute monthly reports for February 2017, and focus only on farm sales - excluding lifestyle blocks.

The market recorded 131 sales, which is 13.9% above the same month last year and 1.6% above the average February over the past four years.

The median price per hectare was $27,395 in February 2017, 1.2% higher than January, and 5.5% above February 2016.

Lower average prices applied across Forestry, Grazing and Special units.

February 2017 sales included:
7 arable farms,
28 dairy farms,
30 finishing units,
5 forestry properties,
44 grazing properties,
15 horticultural,
2 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 - February 2017   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand 27,395 27,390 39,642 27,595 9,005 12,183 269,034 39,975
                 
Northland 15,626   15,678 25,703   11,101 149,956  
Auckland 43,161   78,329 42,403   30,312 686,512 164,179
Waikato 38,613 77,375 44,289 35,757   24,534    
Bay of Plenty 187,185   34,560 41,146   76,600 323,238  
Gisborne 20,281 54,167   16,539 15,978 16,844    
Hawkes Bay 13,474 21,617   11,903   8,029 184,932  
Taranaki 45,422   48,157 55,538 2,552 13,179   42,552
Manawatu/Whanganui 13,207 24,398 22,238 14,272 2,732 7,166   37,398
Wellington 22,857 52,678   35,512 2,753 7,892    
                 
Nelson 24,414 24,413 15,854 29,698 8,379 4,591 146,605  
West Coast 4,850   6,078 3,622        
Canterbury 17,149 19,125 47,532 30,302 7,652 10,744 103,685  
Otago 19,057 19,355 31,988 18,919 19,944 13,222   20,757
Southland 27,498 31,000 28,376 24,160 32,328 24,496    

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