Farms sold in New Zealand

November 21, 2017

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

The market recorded 85 sales, which is 19.0% below the same month last year and 32.0% below the average October over the past four years.

The median price per hectare was $24,982 in October 2017, 8.7% lower than September, and 3.8% below October 2016.

Compared to October 2016, lower average prices applied across Arable, Dairy, Forestry and Grazing farms.

October 2017 sales included:
11 arable farms,
5 dairy farms,
21 finishing units,
6 forestry properties,
23 grazing properties,
17 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 - October 2017   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand 24,982 46,437 40,012 29,057 2,640 11,822 350,833 19,078
                 
Northland 11,613   14,143 27,817 1,100 11,034 451,632  
Auckland 41,334 24,390 39,024 64,053   10,329 79,043  
Waikato 45,468 732,700 49,228 36,765 7,717 16,212 254,200 51,724
Bay of Plenty 459,588     28,048 8,560 47,558 560,635  
Gisborne 11,102 27,723   7,330   4,795 142,430  
Hawkes Bay 80,587     33,905 2,640 14,865 163,149  
Taranaki 20,095     55,314 7,512 6,371   3,846
Manawatu/Whanganui 15,615 81,400 45,372 22,345 3,964 13,753   19,078
Wellington                
                 
Nelson 17,708 12,470   24,982 8,797 7,462 305,675  
West Coast 7,588 7,403   7,774        
Canterbury 36,056 47,474 53,307 33,864 6,190 11,084 39,776  
Otago 19,493 21,540   20,216 16,474 14,857 129,576  
Southland 22,714 17,423 25,248 24,555   15,709   21,552

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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