Farms sold in New Zealand

April 20, 2014

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

The market recorded 181 sales, which is seven less than the same month last year but +33% above the average March over the past four years.

The median price per hectare was marginally lower at $27,957 in March 2015 from the prior month, but +25% more than March 2014.

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

March 2015 sales included: 
  16 arable farms,
  38 dairy farms,
  22 finishing units,
  83 grazing properties,
  17 horticultural,
    5 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 - March 2015   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   82,418 37,761 21,670 6,776 15,226 240,522 81,949
updating ...                
Northland     19,361 5,525   10,732 128,552  
Auckland   203,113 41,348 61,037   19,799 715,835 141,911
Waikato   77,821 55,393 21,154   34,974 124,794  
Bay of Plenty     49,398     19,311 300,000  
Gisborne         19,479 6,776 5,652  
Hawkes Bay       7,855 1,434 14,179 159,194  
Taranaki     52,381 6,122   23,547    
Manawatu/Whanganui   64,599 28,373 20,686   9,248    
Wellington   25,698 33,140 16,363 9,019 11,030    
                 
Nelson   62,479 22,079 27,387   10,618 91,435  
West Coast   6,557 33,732   6,417 3,512    
Canterbury   28,722 51,506 32,462 12,233 22,388 151,496 331,814
Otago   60,602 31,922 21,065   10,938 315,291 21,875
Southland     36,763 30,599   15,073    

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