Farms sold in New Zealand

August 18, 2016

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

The market recorded 140 sales, which is 22.8% above the same month last year and 23.9% above the average July over the past four years.

The median price per hectare was $26,492 in July 2016, 0.5% higher than for June, and 4.7% below July 2015.

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

July 2016 sales included:
 14 arable farms,
 4 dairy farms,
 20 finishing units,
 55 grazing properties,
 34 horticultural,
 13 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 2016   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   44,099 35,614 26,249 5,294 15,326 205,020 148,307
                 
Northland     11,544 15,531 11,072 11,811 149,684  
Auckland   171,796   42,956   52,236 481,862 1,098,901
Waikato   111,486 42,449 54,125 3,214 22,615   110,746
Bay of Plenty   145,811 49,408 32,400 3,496 20,455 270,021  
Gisborne   23,502   78,571   7,916 40,637  
Hawkes Bay   44,945   21,630   6,874 142,146  
Taranaki     69,748   4,542 32,706    
Manawatu/Whanganui   44,099   20,471 10,301 11,764   13,097
Wellington   78,644 28,135 30,273 2,274 5,771 26,331  
                 
Nelson   29,603 24,493 23,912 6,893 11,800 185,002 22,651
West Coast           9,524    
Canterbury   21,411 42,678 37,376 8,973 15,242 344,232 62,987
Otago   16,431 22,581 9,403   15,018   295,106
Southland   34,594 33,986 19,357 6,541 24,007    

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