July 19, 2018
These details are drawn from the Real Estate Institute monthly reports for June 2018, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 151 sales, which is 20.8% above the same month last year and 3.4% above the average June over the past four years.
The median price per hectare was $21,745 in June 2018, 17.1% lower than May, and 16.3% below June 2017.
Compared to June 2017, lower average prices applied across Arable, Dairy, Finishing and Special farms.
June 2018 sales included:
27 arable farms,
57 dairy farms,
120 finishing units,
14 forestry properties,
145 grazing properties,
57 horticultural farms,
7 special farms
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - June 2018||All||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||314,620||45,271||42,525||41,582||5,927||14,054||518,342|
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