Farms sold in New Zealand

April 23, 2018

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

The market recorded 167 sales, which is 7.2% below the same month last year and 4.0% below the average March over the past four years.

The median price per hectare was $27,428 in March 2018, 0.3% lower than February, and 0.3% below March 2017.

Compared to March 2017, lower average prices applied across Dairy, Forestry, Grazing and Horticulture farms.

March 2018 sales included:
6 arable farms,
30 dairy farms,
62 finishing units,
2 forestry properties,
43 grazing properties,
21 horticultural farms,
3 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 - March 2018 All Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand 27,428 38,000 33,750 30,044 5,684 10,682 277,901 47,269
                 
Northland 17,540 15,423 15,286 26,527 23,218 9,462 200,299  
Auckland 40,757 21,201 30,577 42,122   37,597 178,630 126,256
Waikato 42,681 108,096 43,091 39,595   12,358 261,875 172,113
Bay of Plenty 103,324 63,924 25,184 42,750   16,540 341,240  
Gisborne 99,845 8,175   86,145   5,771 128,129  
Hawkes Bay 12,572     16,175   12,092 147,811  
Taranaki 34,225   42,741 56,338   5,991    
Manawatu/Whanganui 19,373 35,272 26,257 26,506   8,808   47,362
Wellington 9,031   49,872 8,808 2,088 10,286    
                 
Nelson 27,213     25,804 6,450 13,635 274,921 37,899
West Coast 8,626   18,370     8,626   4,110
Canterbury 33,366 38,146 48,677 31,506   10,235 360,577  
Otago 19,994 48,066 30,636 27,756 4,918 10,483 70,445  
Southland 24,372 37,207 30,755 25,993   14,731   61,570

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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