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Farms sold in New Zealand

Posted in Rural News

August 18, 2014

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

The market recorded 132 sales, which is 9% more than the same month last year and 60% above the average July over the past four years.

The median price per hectare rose to $26,680 in July 2014, and was 29% higher than July 2013.

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

July sales included: 
  22 arable farms,
    6 dairy farms,
  23 finishing units,
  61 grazing properties,
  12 horticultural,
    8 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 - July 2014   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   53,000 36,673 27,907 4,130 15,500 134,640 49,249
                 
Northland     15,824 17,000   9,820 86,925 36,902
Auckland   133,453 24,398 52,500 7,376 17,536 220,229 92,547
Waikato   251,152 51,570 50,847   17,416 262,500 69,402
Bay of Plenty   19,101 43,237 33,636   17,787 195,000 13,519
Gisborne   99,585   8,840   26,875 95,646  
Hawkes Bay       11,786   5,320 109,375  
Taranaki     38,108     30,998 233,083 177,496
Manawatu/Wanganui   48,009 33,543 27,027 7,813 15,570 82,500  
Wellington   21,095   27,957   19,077    
Nelson   15,022 14,691 34,864 2,720 7,475 87,922 45,221
West Coast     23,514     9,949    
Canterbury   45,250 48,455 36,250 3,959 19,591 49,231 38,093
Otago   16,103 36,806 19,772   14,031   189,200
Southland   32,366 36,673 26,491   21,000 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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