PGG Wrightson's GM for Rural Real Estate Peter Newbold. Photo / Supplied
PGG Wrightson's GM for Rural Real Estate Peter Newbold. Photo / Supplied
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The Country's Jamie Mackay is joined by PGG Wrightson's GM for Rural Real Estate Peter Newbold to take a look at the rural property market this month in light of Covid-19.
"It is fair to say nothing has really changed inthe last few weeks" said Newbold.
The interest continued to be around sheep and beef properties, with an increase of activity around horticulture, and dairy was still subdued.
Newbold said he anticipated that this might change and real estate values will be challenged especially around yield issues.
Mackay brought up that asset prices were being challenged and there might be renewed interest in dairy farms as it seemed to be one of the more resilient industries.
New Zealand was fortunate to have these resources "at our back door" and the rural market might see growth as a result said Newbold.
Situations such as Covid-19 bring out the worst and best in humanity said Mackay.