The Country
  • The Country home
  • Latest news
  • Audio & podcasts
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Rural business
  • Rural technology
  • Rural life
  • Listen on iHeart radio

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • Coast & Country News
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Horticulture
  • Animal health
  • Rural business
  • Rural technology
  • Rural life

Media

  • Podcasts
  • Video

Weather

  • Kaitaia
  • Whāngarei
  • Dargaville
  • Auckland
  • Thames
  • Tauranga
  • Hamilton
  • Whakatāne
  • Rotorua
  • Tokoroa
  • Te Kuiti
  • Taumurunui
  • Taupō
  • Gisborne
  • New Plymouth
  • Napier
  • Hastings
  • Dannevirke
  • Whanganui
  • Palmerston North
  • Levin
  • Paraparaumu
  • Masterton
  • Wellington
  • Motueka
  • Nelson
  • Blenheim
  • Westport
  • Reefton
  • Kaikōura
  • Greymouth
  • Hokitika
  • Christchurch
  • Ashburton
  • Timaru
  • Wānaka
  • Oamaru
  • Queenstown
  • Dunedin
  • Gore
  • Invercargill

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / The Country / Listen

Property report: The rise of rural and provincial properties

The Country
17 Feb, 2021 11:30 PM2 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save
    Share this article
PGG Wrightson's GM for Rural Real Estate Peter Newbold. Photo / Supplied

PGG Wrightson's GM for Rural Real Estate Peter Newbold. Photo / Supplied

Content brought to you by PGG Wrightson Real Estate.

The Country's Jamie Mackay is joined by PGG Wrightson's General Manager for Rural Real Estate Peter Newbold, to take a look at the rural property market this month.

Mackay asked if the rural market was as hot as the residential market.

Newbold said that, although the rural market wasn't as hot, there was renewed interest, with buyers out there perusing rural properties.

Also, for the first time in a number of years, there was an increase of property value, Newbold said.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Dairy properties were becoming of interest as their yield grew, and Newbold reported that he was starting to see movement in the "bottom-end." He anticipated more demand as time went on.

Currently, the returns for dairy farming were much better, compared to sheep and beef, Mackay said.

Listen below:

Advertisement
Advertise with NZME.

Kiwifruit properties remained a hot commodity, with buyers continuing to show interest.

"There is a little bit of activity in that space, but I think it is going to be tight. The returns are too good and people are holding on to them," Newbold said.

Mackay said he'd heard that some residential property prices in provincial New Zealand were doubling in price over a short period of time - in places such as Tapanui.

Newbold confirmed this and said that statistics reflected high property value increases in some provincial New Zealand towns, compared to larger metropolitan areas.

Check out the PGG Wrightson property of the week: Sheep and beef farm a hunter's dream

Save
    Share this article

Latest from Listen

The Country

Record red meat prices on The Country

The Country

The Country: Nadia Lim on her new show

The Country

Stephen 'Beaver' Donald talks rugby on The Country


Sponsored

Kiwi campaign keeps on giving

Advertisement
Advertise with NZME.

Latest from Listen

Record red meat prices on The Country
The Country

Record red meat prices on The Country

Kate Acland, Maegen Blom, Doug Avery, Tom Martin, Stu Duncan, Stu Loe, and Phil Duncan.

09 Sep 01:32 AM
The Country: Nadia Lim on her new show
The Country

The Country: Nadia Lim on her new show

08 Sep 02:17 AM
Stephen 'Beaver' Donald talks rugby on The Country
The Country

Stephen 'Beaver' Donald talks rugby on The Country

04 Sep 01:43 AM


Kiwi campaign keeps on giving
Sponsored

Kiwi campaign keeps on giving

07 Sep 12:00 PM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP