Farms sold in New Zealand

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
                 
New Zealand 27,288 55,268 40,589 31,169 10,575 10,192 164,143 101,274
                 
Northland 17,326   21,302 28,603 30,984 10,013 218,342 96,154
Auckland 44,793     39,722 24,565 9,001 102,737 295,385
Waikato 41,720 89,186 53,311 44,726   16,432 95,142  
Bay of Plenty 280,183 280,183 43,884 41,659 13,733 14,479 604,260  
Gisborne 73,669 30,567   28,468 15,152 9,372 146,891 29,663
Hawkes Bay 20,998 58,047   26,074 19,361 11,913 115,109  
Taranaki 47,336 127,033 49,768 38,133   23,361    
Wang/Manawatu 18,105 35,922 25,623 30,919 10,496 6,050 67,101  
Wellington 27,099 12,463 34,447 29,790 18,414 6,292   7,383
                 
Nelson 18,914 12,718   23,400 6,735 12,780 175,265  
West Coast 7,174       9,458 4,890    
Canterbury 27,103 41,976 52,001 41,474 4,615 13,043 101,668  
Otago 17,906 10,261 41,983 24,219 9,330 11,822    
Southland 21,663 29,890 36,347 24,283   12,412    

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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New Zealand
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