Farms sold in New Zealand

January 24, 2018

These details are drawn from the Real Estate Institute monthly reports for December 2017, and focus only on farm sales - excluding lifestyle blocks.

The market recorded 163 sales, which is 8.4% below the same month last year and 26.6% below the average December over the past four years.

The median price per hectare was $29,266 in December 2017, 9.2% higher than November, and 5.4% above December 2016.

Compared to December 2016, lower average prices applied across Arable, Finishing, Forestry, Grazing and Horticulture farms.

December 2017 sales included:
10 arable farms,
39 dairy farms,
43 finishing units,
6 forestry properties,
41 grazing properties,
24 horticultural 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 - December 2017   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand 29,266 34,333 40,484 32,000 7,713 11,937 242,988 21,552
                 
Northland 13,394   13,488 37,361 4,676 10,862 174,613  
Auckland 39,591   29,477 43,644   15,283 518,500  
Waikato 42,918 468,442 50,501 45,475   14,128 209,151  
Bay of Plenty 199,101   37,687 28,875 8,867 17,728 511,178  
Gisborne 46,294       8,733 8,897 141,261 168,607
Hawkes Bay 13,894 34,013 33,943 28,610 2,640 11,895 185,263  
Taranaki 42,013   44,930 39,868 12,707     3,375
Manawatu/Whanganui 17,521 32,487 25,187 29,276 16,251 9,495    
Wellington 27,528 17,470 32,184 31,106 29,055 11,834    
                 
Nelson 35,613 28,760   25,943 1,557 10,459 231,407  
West Coast 7,774 7,403 17,063 7,774        
Canterbury 33,355 38,884 51,050 33,355 6,441 13,330 42,859  
Otago 16,875 27,885   21,647 16,474 12,881 49,643  
Southland 27,783 25,946 35,449 29,687   16,384 34,798 21,552

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

Farm sales

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