Farms sold in New Zealand

May 18, 2015

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

The market recorded 160 sales, which is four less than the same month last year but +5% above the average April over the past four years.

The median price per hectare was marginally higher at $28,668 in April 2015 from the prior month, and +17% more than April 2014.

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

April 2015 sales included: 
    9 arable farms,
  26 dairy farms,
  28 finishing units,
  61 grazing properties,
  31 horticultural,
    5 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 - April 2015   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   46,667 38,802 20,966 6,597 16,741 266,883 81,949
updating ...                
Northland   2,056 18,014 9,426 8,250 16,553 149,634  
Auckland   251,865 35,281 43,031   20,711 715,835 141,911
Waikato   70,432 53,842 21,154   28,208 124,794  
Bay of Plenty     31,303 28,579   23,908 270,842  
Gisborne       13,723 6,776 6,401 54,921  
Hawkes Bay       12,510 1,434 11,428 136,153  
Taranaki   43,212 6,269 6,122   23,547    
Manawatu/Whanganui   64,599 30,725 17,913 1,279 8,160    
Wellington   25,698 35,364 16,363 14,443 10,015    
                 
Nelson   6,189 22,079 27,387 3,664 10,618 154,416  
West Coast   6,557 33,732   5,278 7,702    
Canterbury   44,824 52,224 38,481 12,233 22,041 48,629 331,814
Otago   60,602 39,486 15,403   13,715 315,291 21,875
Southland   30,861 35,906 39,547   19,034    

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