Farms sold in New Zealand

May 22, 2019

These details are drawn from the Real Estate Institute monthly reports for April 2019, and focus only on farm sales - excluding lifestyle blocks.

The market recorded 111 sales, which is -5.1% below the same month last year and -24.0% below the average April over the past four years.

The median price per hectare was $22,624 in March 2019, -3.2% lower than March, and -17.2% below April 2018.

Compared to April 2018, lower average prices applied across Finishing, Forestry and Horticulture farms.

April 2019 sales included:
7 arable farms,
12 dairy farms,
35 finishing units,
1 forestry properties,
34 grazing properties,
18 horticultural farms,
 4 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 - April 2019  All Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand 22,624 26,284 30,243 30,878 13,299 10,640 282,586 27,576
                 
Northland 17,474 27,622 14,630 26,004   13,038 197,443 35,830
Auckland 42,722 27,587 23,521 52,692   12,535 651,578 53,911
Waikato 32,968 67,028 34,214 40,883   12,035 421,875  
Bay of Plenty 264,602 108,733 46,203 47,944 17,673 31,503 427,905  
Gisborne 122,078         8,737 173,140  
Hawkes Bay 10,875 184,458   23,976   8,269 165,198  
Taranaki 25,863 17,216 36,499 51,408 22,385 10,355    
Wang/Manawatu 18,514 16,816 20,809 25,199   8,744   7,707
Wellington 11,947 22,296 36,923 22,500   11,054   26,990
Nelson 24,620 2,762 27,872 40,912 23,416 10,078 54,350  
West Coast 7,555 12,510     6,104 7,555    
Canterbury 22,395 37,850 11,446 26,225 3,843 9,200   27,576
Otago 19,408 18,274 25,518 31,188 4,183 8,773   17,052
Southland 16,805 7,842 32,738 23,553   13,740    

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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