Farms sold in New Zealand

September 19, 2017

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

The market recorded 91 sales, which is 25.4% below the same month last year and 20.2% below the average August over the past four years.

The median price per hectare was $27,928 in August 2017, 2.8% higher than July, and 1.6% above August 2016.

Compared to August 2016, lower average prices applied across Dairy, Forestry, Grazing, Horticulture and Special farms.

August 2017 sales included:
4 arable farms,
9 dairy farms,
37 finishing units,
11 forestry properties,
17 grazing properties,
11 horticultural,
2 Special

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 2017   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand 27,928 57,112 37,842 30,566 5,038 11,355 158,546 19,078
                 
Northland 12,420   21,941 29,442 2,521 11,326 31,180  
Auckland 60,206   39,024 73,113   33,075 214,777 167,682
Waikato 34,753 781,609 38,291 32,944 7,717 18,902   33,642
Bay of Plenty 190,449   11,382 30,105 10,464   372,684  
Gisborne 13,231       18,987 6,184 90,236  
Hawkes Bay 113,266 2,840,000   21,115     129,971 16,121
Taranaki 31,996   37,394 37,511   21,069    
Manawatu/Whanganui 16,020 45,241 37,974 23,658 21,458 7,899   19,078
Wellington 12,497 104,626   30,303 3,670 8,204    
                 
Nelson 21,067 1,006,404 18,839 32,117 12,066 7,356 167,391  
West Coast 11,366     13,108   6,000    
Canterbury 37,452 52,333 46,930 35,976 4,699 12,031 41,390  
Otago 23,968 23,443 43,195 23,359 26,921 6,390 135,286  
Southland 23,354   23,214 23,720   12,413    

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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