Clone of Farms sold in New Zealand

[Total: 0    Average: 0/5]

March 22, 2019

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

The market recorded 143 sales, which is -14.4% below the same month last year and -15.4% below the average March over the past four years.

The median price per hectare was $23,383 in March 2019, +4.1% higher than February, and -14.7% below March 2018.

Compared to March 2018, lower average prices applied across Arable, Grazing, Horticulture and Special farms.

March 2019 sales included:
7 arable farms,
13 dairy farms,
27 finishing units,
5 forestry properties,
62 grazing properties,
26 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 2019 AllArableDairyFinishingForestryGrazingHortSpecial
         
New Zealand23,38329,52737,10031,05916,06310,373240,06435,245
         
Northland15,56577,80911,78626,929 11,869179,22935,830
Auckland31,12327,587 50,785 11,824803,11553,911
Waikato35,98367,02839,62358,309 11,862226,218 
Bay of Plenty240,064 46,20347,94417,67314,597462,605 
Gisborne122,078    7,946168,011 
Hawkes Bay10,941184,458 22,59942,6368,326505,897 
Taranaki29,25017,21638,69843,47022,38510,355  
Wang/Manawatu17,12419,44221,91825,091 8,713197,723 
Wellington11,05435,21636,923 1,56811,054  
Nelson30,769 30,24340,18323,4167,749143,098 
West Coast7,55512,5108,932 6,1046,376  
Canterbury22,47231,42554,22924,956 5,673 22,331
Otago16,87918,27437,30031,5844,18310,50390,859 
Southland17,27725,93732,73827,381 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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