Farms sold in New Zealand

April 18, 2016

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

The market recorded 148 sales, which is -18.2% below the same month last year and -19.1% below the average March over the past four years.

The median price per hectare was $27,202 in March 2016, +4.7% higher than for February, and -2.7% below March 2015.

Lower average prices applied across across all farm types except horticultural units.

March 2016 sales included:
 13 arable farms,
 21 dairy farms,
 29 finishing units,
 51 grazing properties,
 28 horticultural,
   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 - March 2016   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   47,174 33,897 21,543 9,321 14,124 261,665 105,167
                 
Northland   57,183 12,563 21,484 6,717 7,921 178,484  
Auckland   263,209 8,111 54,966 62,801 33,712 278,374  
Waikato   60,292 40,940 27,202   21,075   365,634
Bay of Plenty   22,092 24,449     23,240 295,580  
Gisborne   16,191     10,800 7,596 60,027  
Hawkes Bay   15,728 28,180 19,516 18,361 7,655 105,526  
Taranaki     47,304 47,602   40,246    
Manawatu/Whanganui   17,857 20,142 19,738 8,431 8,992    
Wellington         7,527 6,633    
                 
Nelson   99,633   10,926 6,116 6,863 308,552  
West Coast     19,883     6,333    
Canterbury   31,858 43,865 24,815 20,956 20,000   258,940
Otago   29,235 25,987 15,728 2,070 8,654   10,516
Southland   679,104 37,960 23,172   24,403   24,771

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