January 23, 2019
These details are drawn from the Real Estate Institute monthly reports for December 2018, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 182 sales, which is +15.1% above the same month last year and -9.0% below the average December over the past four years.
The median price per hectare was $27,288 in December 2018, -10.3% lower than November, and -6.8% below December 2017.
Compared to December 2017, lower average prices applied across Finishing, Grazing and Horticulture farms. Average dairy prices were little-changed.
December 2018 sales included:
13 arable farms,
25 dairy farms,
61 finishing units,
8 forestry properties,
57 grazing properties,
16 horticultural farms,
2 special farms
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - December 2018||All||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||280,183||280,183||43,884||41,659||13,733||14,479||604,260|
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