Newbold adds this might be due to the moderate size and location of the property.
Dairy continues to be quiet, with very few purchases at the moment. Newbold says it has probably been the quietest in a decade. The odd ones that have sold have mostly been closer cities or triple A.
Newbold mentions that some of the bigger dairy operations are starting to consider dividing their properties into smaller farms.
Finally Newbold and Mackay take a look at PGG Wrightson Real Estate's Property of the Week: A Waitahuna grazing block.