Farms sold in New Zealand

May 18, 2017

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

The market recorded 162 sales, which is 12.5% above the same month last year and 3.9% above the average March over the past four years.

The median price per hectare was $28,368 in March 2017, 0.3% higher than February, and 0.1% below March 2016.

Compared to April 2016, lower average prices applied across Arable, Forestry and Grazing.

April 2017 sales included:
6 arable farms,
30 dairy farms,
59 finishing units,
5 forestry properties,
38 grazing properties,
24 horticultural

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 - May 2017   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand 28,368 33,081 35,186 25,585 3,546 15,079 278,419 39,975
                 
Northland 16,655   16,802 24,409 13,959 13,598 177,150  
Auckland 53,666     37,839 25,138 55,907 273,203  
Waikato 37,115 41,186 44,363 34,420 1,548 18,708 135,857  
Bay of Plenty 275,400   33,967 42,000 3,154 36,321 349,319  
Gisborne 24,584 18,226   15,947 8,192   109,794  
Hawkes Bay 13,011 17,394   9,559   8,029 145,091  
Taranaki 44,120   43,353 57,442 3,546 40,517   42,552
Manawatu/Whanganui 21,211 37,422 26,767 22,420   12,199   37,398
Wellington 30,943 128,342 30,900 24,664 5,290      
                 
Nelson 22,158 119,721 18,037 31,880 2,516 11,909 84,706  
West Coast 14,573         14,573    
Canterbury 31,250 31,250 46,064 32,878 16,247 10,755    
Otago 18,079 19,057 37,066 18,186 15,034 11,691 162,491  
Southland 20,839 33,118 26,441 33,770 5,414 17,439    

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