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Farms sold in New Zealand

Posted in Rural News

January 22, 2014

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

The market recorded 220 sales, which is -12% less than the same month last year but +32% above the average December over the past four years.

The median price per hectare was up +8.3% at $28,781 in December 2014 from the prior month, but +19% more than December 2013.

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

December sales included: 
  14 arable farms,
  49 dairy farms,
  21 finishing units,
108 grazing properties,
  19 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 - December 2014   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   57,167 41,227 24,043 8,499 16,167 202,308 39,362
                 
Northland   8,263 20,336 30,400 5,505 12,833 151,857  
Auckland   165,130 37,634 15,055 6,905 20,465 4741,942  
Waikato   83,333 44,584 7,510   43,750 196,667 36,737
Bay of Plenty         15,199 5,736    
Gisborne   17,883     18,523 6,983 30,769  
Hawkes Bay   57,167   14,748   6,927 111,254  
Taranaki     51,746   7,703 23,993   628
Manawatu/Whanganui   24,331 29,580 23,382 5,828 15,921   21,666
Wellington     41,034 37,288 8,191 15,398 116,369  
                 
Nelson   451,642 19,577 48,897 2,459 6,254 153,692  
West Coast     14,368     14,398    
Canterbury   45,000 49,869 31,159 10,161 20,816 66,500 25,778
Otago   6,358 46,966 19,224   11,241    
Southland   30,155 42,941 23,981   18,366    

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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