Farms sold in New Zealand

Posted in Rural News

February 18, 2014

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

The market recorded 100 sales, which is -28% less than the same month last year but +8% above the average January over the past four years.

The median price per hectare was down -3% at $28,781 in January 2015 from the prior month, but +24% more than January 2014.

Lower average prices applied across the board, except for forestry blocks.

January sales included: 
    7 arable farms,
  15 dairy farms,
  15 finishing units,
  47 grazing properties,
  14 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 - January 2015   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   45,000 40,742 23,506 10,414 15,640 205,634 39,362
                 
Northland   8,263 20,336 27,763   11,460 124,011  
Auckland   177,514 37,634 25,534   19,277 344,157  
Waikato   415,359 45,203 8,147   37,073 196,667 36,737
Bay of Plenty     28,696 49,151   8,483 262,500 39,362
Gisborne         15,199 5,869    
Hawkes Bay   30,303   9,808 1,434 7,363 111,254  
Taranaki     49,493   7,703 23,993    
Manawatu/Whanganui   24,331 20,184 19,630 8,676 14,812   21,666
Wellington     32,501 37,288 7,647 11,172    
                 
Nelson   451,642 20,643 29,176   7,063 127,650  
West Coast     8,920          
Canterbury   37,879 49,869 30,175   24,250 66,500 22,389
Otago   6,358 43,489 25,593   10,938    
Southland   30,155 42,815 24,834   19,184    

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

Topics: