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Farms sold in New Zealand

Posted in Rural News

September 18, 2014

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

The market recorded 107 sales, which is -4% less than the same month last year but 19% above the average August over the past four years.

The median price per hectare was virtually unchanged at $26,590 in August 2014 from the prior month, but was 23% higher than August 2013.

Higher average prices applied across the board, except for forestry units.

August sales included: 
  11 arable farms,
    5 dairy farms,
  12 finishing units,
  57 grazing properties,
  16 horticultural,
    6 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 - August 2014   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   53,000 43,125 30,194 6,056 14,995 126,236 36,802
                 
Northland     13,684 8,657   9,160 70,129 30,420
Auckland   341,055 24,398 51,959 10,052 21,393 208,914 32,184
Waikato   62,698 60,000 26,315   20,635 192,500 69,884
Bay of Plenty     38,010 13,907   16,098 195,876 13,519
Gisborne   99,585   8,840   20,480 25,042  
Hawkes Bay   16,737   30,802   12,222 109,375  
Taranaki   251,475       31,804    
Manawatu/Wanganui   48,009   20,168 7,813 17,122 82,500  
Wellington   35,882       15,932    
Nelson   15,022   34,864 2,578 5,978 99,683 4,619
West Coast     30,583 28,095   6,258    
Canterbury   51,808 51,263 37,659 10,717 15,147 34,505 44,341
Otago   16,103 36,806 19,862 18,021 16,053   30,000
Southland   32,366 41,736 27,907 2,330 20,606 83,893  

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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