Farms sold in New Zealand

November 17, 2016

These details are drawn from the Real Estate Institute monthly reports for October 2016, and focus only on farm sales - excluding lifestyle blocks.

The market recorded 105 sales, which is 22.2% below the same month last year and 10.3% below the average October over the past four years.

The median price per hectare was $25,974 in October 2016, 3.2% lower than September, and 5.8% below October 2015.

Lower average prices applied across Forestry, Grazing and Special units.

October 2016 sales included:
12 arable farms,
9 dairy farms,
18 finishing units,
40 grazing properties,
17 horticultural,
3 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 - October 2016   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand 25,974 54,895 40,716 26,834 8,495 15,242 182,584 7,039
                 
Northland 11,883   14,935 17,596 11,883 9,618 68,098  
Auckland 42,901 91,906 23,900 39,219   18,254 421,811 1,102,914
Waikato 38,385 135,897 56,020 29,653   20,089 190,218 26,773
Bay of Plenty 145,876     29,329   30,214 276,103  
Gisborne 62,384 62,384       8,324 148,765  
Hawkes Bay 28,251 132,626   11,319 14,843 24,478 102,587  
Taranaki 29,822   47,931     9,165 62,559  
Manawatu/Whanganui 13,745 77,064   22,633 3,217 7,532 11,739 4,105
Wellington 25,226 45,309 51,250 28,238 7,857 14,620    
                 
Nelson 29,125 59,791   26,910 10,139 14,445 131,368 7,039
West Coast 4,599       4,413 4,966   3,891
Canterbury 26,825 27,000 41,518 30,494 14,999 13,816 127,512  
Otago 19,324 27,132 29,927 19,612 8,495 17,699 62,478  
Southland 25,277 25,536   36,609   24,427   6,239

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