Farms sold in New Zealand

January 22, 2016

These details are drawn from the Real Estate Institute monthly reports for December 2015, and focus only on farm sales - excluding lifestyle blocks.

The market recorded 239 sales, which is +38% above the same month last year and +21% above the average December over the past four years.

The median price per hectare was $28,120 in December 2015, -2% lower than for November, and -2% below December 2014.

Lower average prices applied across across all farm types except horticultural units.

December 2015 sales included:
  16 arable farms,
  49 dairy farms,
  37 finishing units,
111 grazing properties,
  18 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 - December 2015   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   39,546 39,690 23,489 12,357 16,656 222,607 38,840
                 
Northland     11,338 19,744   12,750 178,404 6,458
Auckland   449,397 26,571 31,007 30,394 20,524 400,943 990,632
Waikato   201,235 53,994 46,129 15,916 32,058 613,383 289,579
Bay of Plenty   389,071 35,003 30,383 20,204 33,333 307,557  
Gisborne   9,968       6,593 104,500  
Hawkes Bay   19,539 18,758 12,924   14,933 90,100  
Taranaki   95,870 51,904 50,493 1,266 29,828    
Manawatu/Whanganui   34,346 23,489 25,419 5,153 9,551   4,279
Wellington     24,898 11,935   11,514 295,498  
                 
Nelson   42,819 28,806 24,700 8,733 5,595 154,688  
West Coast     16,523   1,694 6,691    
Canterbury   30,464 48,103 33,582 24,037 16,433 41,981 1,836
Otago   23,937 37,463 14,973   13,873 211,595  
Southland   4,841 43,459 26,498 4,858 21,762   33,436

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