Farms sold in New Zealand

February 25, 2019

These details are drawn from the Real Estate Institute monthly reports for January 2019, and focus only on farm sales - excluding lifestyle blocks.

The market recorded 80 sales, which is -8.0% below the same month last year and -26.6% below the average January over the past four years.

The median price per hectare was $27,087 in January 2019, -0.7% lower than December, and -4.1% below January 2018.

Compared to January 2018, lower average prices applied across Finishing, Grazing and Horticulture farms.

January 2019 sales included:
5 arable farms,
14 dairy farms,
16 finishing units,
2 forestry properties,
27 grazing properties,
10 horticultural farms,
  1 special farms

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 - January 2019  All Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand 27,087 68,079 38,642 29,587 10,399 10,295 160,618 96,154
                 
Northland 17,291 77,809 21,302 26,562 10,399 10,013 161,043 96,154
Auckland 39,453 180,958   32,502 24,565 11,824 423,820 301,747
Waikato 38,642 89,186 51,926 45,418   12,676 62,851  
Bay of Plenty 265,162 301,471 43,884 36,106 13,733 14,479 604,260  
Gisborne 87,519     28,468 15,152 9,377 146,891 29,663
Hawkes Bay 18,261     20,998 30,998 11,913 128,494  
Taranaki 42,543 127,033 46,551 43,128   8,621    
Wang/Manawatu 13,182   25,024 27,185 5,246 7,392 197,723  
Wellington 23,512 12,463 34,447 28,675 1,568 6,757    
Nelson 20,664 12,718   23,400 6,085 9,967 118,362  
West Coast 8,932   8,932   9,458 5,198    
Canterbury 31,317 41,976 53,115 39,274 4,615 14,014 116,409 22,331
Otago 16,922 8,741 39,541 24,214   11,378 90,859  
Southland 24,283 39,903 36,751 20,929   14,275    

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

Farm sales

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