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

Farm sales start the year strongly (+graphic)

Herald online
17 Feb, 2013 10:30 PM3 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
There were 45 more farms sold in the last three months than in the same period last year. Photo / Oamaru Mail

There were 45 more farms sold in the last three months than in the same period last year. Photo / Oamaru Mail

Stronger demand in the rural property market saw farm sales increase again last month, as lifestyle blocks hit a new record median price of nearly $500,000, according to latest figures.

There were 399 farms sold in the three months to the end of January, which was 17 more than href="http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10859750" target="_blank">in the previous three months and 45 more than in the same period last year, said the Real Estate Institute of NZ (Reinz).

A total of 1,454 farm sales in the year to January was 18.1 per cent more than in previous year.

The Reinz statistics showed the median price per hectare for all farms was $23,980, an 18.1 per cent increase on $20,299 in the same period last year.

Buyers paid more for lifestyle farms, with the national median price increasing from $490,000 in the previous three months to $498,500, a new record high. The median price was $28,500 higher than last year.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Rural market spokesman Brian Peacocke said demand for good quality properties was outstripping supply.

"This situation is unlikely to change in the next few months as farmers begin to make commitments for the forthcoming season," he said.

"Northern parts of the country are seeing higher levels of activity on sheep and beef properties, whereas in the South Island the spotlight remains firmly on dairy."

Advertisement
Advertise with NZME.

Peacocke said activity in the lifestyle property market was strong around Auckland, and steady across the rest of the North Island.

"In the South Island activity is healthy in Nelson and Canterbury but weaker in the lower South Island."

The Reinz All Farm Price Index - which adjusts sale prices for factors such as location, size and farm type and provides a more accurate measure of farm price movements - fell by 2.1 per cent in the three months compared to the three months to December, from 3,103.88 to 3,039.77.

Peacocke said this was most likely because more farms in the lower price bracket were now selling, as higher priced properties became less available.

Discover more

Business

Farm sales surge 50.3 per cent year-on-year

14 Jun 04:38 AM
Agribusiness

Rural property sales solid

17 Jun 05:30 PM
Agribusiness

Farm sales slow down as winter hits

11 Jul 11:30 PM
Business

Farm sales at highest level in three years

12 Sep 11:30 PM

Grazing properties accounted for 44.1 per cent of total sales, followed by dairy farms (20.6 per cent), finishing properties (17.3 per cent), and horticulture blocks (9.0 per cent).

The median price per hectare for dairy farms was $35,530 in the last three months, compared to $34,483 for the three months to December and $34,298 last year.

The Reinz Dairy Farm Price Index fell by 0.9 per cent, from 1,765.90 to 1,749.36.

Save
    Share this article

Latest from The Country

Opinion

Opinion: New vaccine tech offers hope against foot-and-mouth

The Country

Plenty interest in ‘nProve’ programme

The Country

The Country: Gas supply woes with Ballance CEO Kelvin Wickham


Sponsored

Revealed: The night driving ‘red flag’

Advertisement
Advertise with NZME.

Latest from The Country

Opinion: New vaccine tech offers hope against foot-and-mouth
Opinion

Opinion: New vaccine tech offers hope against foot-and-mouth

OPINION: FMD is one of the world’s most economically devastating livestock diseases.

08 Aug 03:07 AM
Plenty interest in ‘nProve’ programme
The Country

Plenty interest in ‘nProve’ programme

08 Aug 02:04 AM
The Country: Gas supply woes with Ballance CEO Kelvin Wickham
The Country

The Country: Gas supply woes with Ballance CEO Kelvin Wickham

08 Aug 01:51 AM


Revealed: The night driving ‘red flag’
Sponsored

Revealed: The night driving ‘red flag’

04 Aug 11:37 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