Farms sold in New Zealand

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
                 
New Zealand 21,745 35,385 31,881 26,245 6,937 10,113 279,543 17,446
                 
Northland 13,895   11,251 23,950 2,657 9,363 155,062  
Auckland 39,355 9,348 23,261 47,435 855,856 17,678 198,102  
Waikato 29,817 65,672 34,681 34,796   10,674 81,025 219,298
Bay of Plenty 314,620 45,271 42,525 41,582 5,927 14,054 518,342  
Gisborne 128,171 2,290,000     9,366 5,326 145,940  
Hawkes Bay 15,075 5,797 27,280 16,793   8,488 105,626 12,258
Taranaki 37,895 4,024 60,185 37,895 6,375 34,036 97,929  
Manawatu/Whanganui 19,888 30,383 23,580 24,674 2,656 7,577 94,843 62,012
Wellington 16,250 90,204   25,476 29,012 8,576 86,729  
                 
Nelson 18,081 38,701 22,827 34,357 5,825 5,263 120,122 3,197
West Coast 9,331 3,354 11,141     8,240    
Canterbury 24,190 35,385 50,435 26,321 11,361 8,573 36,999 17,446
Otago 14,358 90,772 17,860 22,973 14,167 7,838    
Southland 21,137 30,876 23,008 25,610 4,924 13,355 36,970 20,807

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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