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Farms sold in New Zealand

Posted in Rural News

July 21, 2014

These details are drawn from the Real Estate Institute monthly reports for June 2014, and focus only on farm sales - excluding lifestyle blocks.

The market recorded 168 sales, which is 23% more than the same month last year and 48% above the average June over the past four years.

The median price per hectare rose to $26,612 in June 2014, and was 35% higher than June 2013.

Higher average prices applied across the board, except for forestry units.

June sales included: 
  11 arable farms,
  15 dairy farms,
  31 finishing units,
  74 grazing properties,
  24 horticultural,
  13 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 2014   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   51,066 33,543 26,694 4,456 15,833 193,745 68,360
                 
Northland     16,437 26,882 5,001 10,904 131,524 45,458
Auckland   179,834 22,679 94,676 4,701 20,684 231,544 92,547
Waikato   95,833 54,526 20,233   20,812 262,500 69,884
Bay of Plenty   19,101 45,007 33,182 3,170 18,975 210,623 13,519
Gisborne   99,585   8,840   15,914 95,646  
Hawkes Bay       16,944 6,004 5,320 113,861  
Taranaki     33,358     33,738 233,083 177,496
Manawatu/Wanganui   28,571 33,308 22,767 4,802 13,041 53,095  
Wellington   16,380   27,957   13,514    
Nelson   15,022 14,691 35396 2,190 7,996 87,922 85,823
West Coast     25,514 6,140   8,619    
Canterbury   41,285 48,750 32,096 9,430 21,030 49,231 31,801
Otago   95,283 31,164 19,772   14,869   348,399
Southland     37,123 26,680   31,281    

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

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