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.
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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.
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