Farms sold in New Zealand

September 24, 2018

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

The market recorded 85 sales, which is 6.6% below the same month last year and 22.0% below the average August over the past four years.

The median price per hectare was $19,792 in August 2018, 7.1% lower than July, and 29.1% below August 2017.

Compared to August 2017, lower average prices applied across Arable, Dairy, Finishing and Grazing farms.

August 2018 sales included:
5 arable farms,
5 dairy farms,
24 finishing units,
5 forestry properties,
31 grazing properties,
14 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 - August 2018 All Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand 19,792 37,426 30,830 28,011 6,044 10,168 255,351 39,729
                 
Northland 12,684 22,036 14,944 21,414 9,278 9,741 165,400 11,284
Auckland 42,007 9,348 25,688 49,885   14,201 102,775  
Waikato 31,119   37,657 56,332   12,434 498,150 166,958
Bay of Plenty 327,402   35,727 74,939 5,927 17,957 478,469  
Gisborne 128,171 68,173         130,475 73,199
Hawkes Bay 17,858   27,280 21,537   9,935 110,873  
Taranaki 5,249 4,024 32,121 58,284 4,369 4,980    
Manawatu/Whanganui 17,209 30,772 18,433 26,202 9,082 7,284 161,663 62,012
Wellington 21,307 46,700   30,249 29,012 7,581    
                 
Nelson 15,426 21,582   25,200 3,786 8,052 109,494 3,197
West Coast 9,345   15,857     8,240    
Canterbury 25,757 37,647 46,303 37,789 4,615 12,985 12,909 17,446
Otago 12,141 38,936   22,873 7,452 9,245 452,500  
Southland 18,492   28,000 26,979   13,238 35,558 14,993

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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