In this section
Farms sold in New Zealand
December 16, 2014
These details are drawn from the Real Estate Institute monthly reports for November 2014, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 135 sales, which is -23% less than the same month last year but 8% above the average November over the past four years.
The median price per hectare was up +8.3% at $29,834 in November 2014 from the prior month, but +24% more than November 2013.
Higher average prices applied across the board, except for forestry blocks and grazing units.
November sales included:
4 arable farms,
37 dairy farms,
24 finishing units,
46 grazing properties,
6 farms of other types
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - November 2014||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||456,326||31,087||49,151||12,111||205,000|
for more perspectives, see
for saleyard and processor price trend graphs, see