Farms sold in New Zealand

October 17, 2017

These details are drawn from the Real Estate Institute monthly reports for September 2017, and focus only on farm sales - excluding lifestyle blocks.

The market recorded 85 sales, which is 32.5% below the same month last year and 24.8% below the average September over the past four years.

The median price per hectare was $27,363 in September 2017, 2.0% lower than August, and 2.0% above September 2016.

Compared to September 2016, lower average prices applied across Arable, Forestry, Grazing and Special farms.

September 2017 sales included:
8 arable farms,
6 dairy farms,
28 finishing units,
2 forestry properties,
30 grazing properties,
11 horticultural,
1 Special

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 - September 2017   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand 27,363 46,316 37,812 30,828 4,701 12,031 189,044 16,121
                 
Northland 13,427   18,042 28,629 1,121 11,326 249,335  
Auckland 55,856 24,390 39,024 73,113   33,075    
Waikato 35,898 800,805 49,228 36,169 7,717 18,902 254,200 33,642
Bay of Plenty 202,700   11,382 28,041 10,464   411,407  
Gisborne 14,706 27,723   7,330   2,092 90,236  
Hawkes Bay 117,005 2,840,000   34,526   7,684 137,255 16,121
Taranaki 31,161   33,860 59,691 2,316 10,142   4,316
Manawatu/Whanganui 15,503 45,241 47,379 26,011 5,445 7,757   19,078
Wellington 6,375     30,303 3,670      
                 
Nelson 24,194 506,818 18,839 24,194 16,037 9,797 196,264  
West Coast 12,926     12,926        
Canterbury 36,056 52,333 53,307 33,998   11,084 39,776  
Otago 20,216 23,443 51,125 21,967   8,921 109,257  
Southland 22,502 17,423 22,714 26,701   14,631    

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

Farm sales

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