PGG Wrightson Real Estate GM, Peter Newbold. Photo / Supplied
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The recent increase in buying property for forestry conversion is "moving forward too fast" for Peter Newbold's liking.
The PGG Wrightson Real Estate GM told The Country's Jamie Mackay that when it comes to converting large tracts of land, people should
heed lessons from the past.
"If you go back in recent times and you look at what happened in dairy. I sense that's happening".
It's not only the past that buyers need to be mindful of said Newbold, who was concerned with the effect that forestry development could have in the years to come.
