Farms sold in New Zealand

July 16, 2015

These details are drawn from the Real Estate Institute monthly reports for June 2015, and focus only on farm sales - excluding lifestyle blocks.

The market recorded 158 sales, which is ten more than the same month last year but +16% above the average June over the past four years.

The median price per hectare was $29,141 in June 2015,  +2% above from the prior month, but +10% more than June 2014.

Higher average prices applied across across all farm types except arable and finishing units.

June 2015 sales included: 
  16 arable farms,
  15 dairy farms,
  28 finishing units,
  69 grazing properties,
  23 horticultural,
    7 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 - June 2015   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   45,606 35,531 28,542 3,500 17,294 243,515 35,540
updating ...                
Northland   31,149 19,203 21,071 8,250 12,320 166,174  
Auckland   344,731 25,738 36,672 14,647 42,407 390,574  
Waikato   70,432 40,732 25,133   20,009   49,551
Bay of Plenty     30,025 28,579   20,725 258,517  
Gisborne       7,967     164,044  
Hawkes Bay   18,827   10,267 1,439 10,211 77,577  
Taranaki   46,212 46,715 33,043   31,564    
Manawatu/Whanganui   21,404 28,353 13,992 5,733 7,749 19,674  
Wellington   26,099   35,531 3,134 8,959    
                 
Nelson   6,189   34,640 2,672 9,140 161,446  
West Coast     12,998   4,139 9,440    
Canterbury   45,828 51,705 45,750 2,906 17,294 42,579  
Otago   27,234 45,296 43,446   14,517   35,540
Southland   30,861 35,759 27,346   24,903    

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