Farms sold in New Zealand

June 20, 2018

These details are drawn from the Real Estate Institute monthly reports for May 2018, and focus only on farm sales - excluding lifestyle blocks.

The market recorded 159 sales, which is 7.6% below the same month last year and 14.5% below the average May over the past four years.

The median price per hectare was $26,219 in May 2018, 4.0% lower than April, and 3.6% below May 2017.

Compared to May 2017, lower average prices applied across Grazing farms.

May 2018 sales included:
12 arable farms,
20 dairy farms,
58 finishing units,
4 forestry properties,
45 grazing properties,
19 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 - May 2018 All Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand 26,219 44,629 35,901 29,093 7,349 10,687 277,842 17,082
                 
Northland 16,591   19,258 25,769 12,938 10,432 200,299  
Auckland 39,355   23,261 39,730 855,856 20,856 229,086  
Waikato 36,208 65,672 42,504 34,796   10,743 81,025 32,787
Bay of Plenty 107,885 45,458 37,295 44,793   15,953 466,691  
Gisborne 100,873 2,290,000     9,366 5,566 145,940  
Hawkes Bay 12,478 5,797   12,384   7,915 118,620 12,258
Taranaki 51,185   56,144 56,338 6,375 15,431 97,929  
Manawatu/Whanganui 20,722 28,986 26,257 29,035   7,903 28,024  
Wellington 15,477   49,872 25,476 2,088 10,897 86,729  
                 
Nelson 22,698 42,505 22,827 22,698 5,825 5,708 233,287 28,621
West Coast 10,000 3,354 15,412     6,674   4,110
Canterbury 29,087 44,392 47,965 29,087 11,361 7,693 198,788  
Otago 14,880 90,772 17,860 23,937 14,167 7,533    
Southland 23,008 32,099 20,467 25,610 4,924 15,364 36,970 20,807

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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