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Farms sold in New Zealand

Posted in Rural News

April 15, 2014

These details are drawn from the Real Estate Institute monthly reports for March 2014, and focus only on farm sales - excluding lifestyle blocks.

The market recorded 188 sales, which is 7% more than the same month last year and 39% above the average March over the past four years.

The median price per hectare was basically unchanged at $22,342 in March 2014, and only 1.1% higher than March 2013.

Higher average prices were only seen for horticultural and forestry blocks, while most other types of farms - including dairy - had lower average prices than those same categories in February.

March sales included: 
  12 arable farms,
  41 dairy farms,
  38 finishing units,
  66 grazing properties,
  22 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 - March 2014   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   25,533 34,474 20,303 9,604 13,588 152,711 19,634
                 
Northland     12,760 14,239   10,805    
Auckland   156,058 24,016 22,446   14,581 274,069  
Waikato   8,865 46,988 20,459 1,503 32,600   63,293
Bay of Plenty     25,857 13,715   26,563 131,250 26,344
Gisborne       16,963 9,875 7,025 96,525 10,714
Hawkes Bay   13,442   15,203   7,236 111,766  
Taranaki     33,291     30,937    
Manawatu/Wanganui   17,257 28,920 13,794 4,810 15,217    
Wellington   32,022 29,531 26,011 4,857 9,364   815,000
Nelson   27,353 15,960 46,406 17,975 9,544 148,264 11,928
West Coast     13,609     8,416    
Canterbury   46,327 51,944 30,087 9,333 14,977 40,343 23,262
Otago   71,581 27,778 16,518 12,188 9,621 200,000  
Southland     36,625 18,873   19,753   7,292

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

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