Farms sold in New Zealand

June 17, 2016

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

The market recorded 197 sales, which is +22.4% above the same month last year and 13.2% above the average May over the past four years.

The median price per hectare was $26,683 in May 2016, -11.1% lower than for April, and -6.6% below May 2015.

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

May 2016 sales included:
 18 arable farms,
 21 dairy farms,
 45 finishing units,
 79 grazing properties,
 25 horticultural,
 9 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 - May 2016   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   51,563 33,507 24,026 5,294 16,334 243,942 86,878
                 
Northland   57,183 12,563 18,464 5,714 11,580 160,714  
Auckland   144,771   40,050   28,517 861,837  
Waikato   73,081 40,850 29,431   26,744 260,941 480,769
Bay of Plenty     40,748 33,259 3,496 19,916 282,500 24,839
Gisborne   16,919       11,823 50,332  
Hawkes Bay   24,519 22,332 25,340 18,361 6,080 120,833  
Taranaki     38,471 47,602 1,709 46,732    
Manawatu/Whanganui     34,033 40,164 20,732 6,149 6,777  
Wellington   60,000 28,135   2,274 9,805 26,331  
                 
Nelson     22,746 22,407 8,493 11,649 191,967 22,651
West Coast     23,649          
Canterbury   23,729 43,630 28,807 10,141 17,241 30,731  
Otago   9,859 30,280 13,073 3,915 13,173   10,516
Southland   356,849 30,206 20,524 6,541 27,181    

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