Farms sold in New Zealand

September 20, 2016

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

The market recorded 122 sales, which is 6.1% above the same month last year and 10.9% above the average August over the past four years.

The median price per hectare was $27,500 in August 2016, 3.8% higher than for July, and 1.3% below August 2015.

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

August 2016 sales included:
 10 arable farms,
 3 dairy farms,
 25 finishing units,
 55 grazing properties,
 19 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 - August 2016   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   54,895 40,469 27,208 9,882 15,326 190,338 148,307
                 
Northland     11,321 17,075 1,098 9,182 149,684  
Auckland   179,372   43,796   36,084 380,723 1,090,967
Waikato   118,765 40,795 36,546 3,214 22,997   110,746
Bay of Plenty   145,811 40,831 38,827   20,672 300,444  
Gisborne   23,502   78,571   5,238 200,000  
Hawkes Bay   65,371   10,612   17,475 134,928  
Taranaki     45,709   4,542 16,235    
Manawatu/Whanganui   44,478   23,874 10,301 11,764   8,556
Wellington   45,625 51,250 27,061   4,853    
                 
Nelson   40,833   33,506 9,882 7,972 154,184  
West Coast           9,524   3,891
Canterbury   29,432   35,771 10,309 13,104 42,000 62,987
Otago   50,000 30,492 15,714 13,704 18,370 48,654 295,106
Southland       41,797 20,092   19,285  

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