Friday, 30 October 2015 14:19

Farm sales dipping

Written by 

Farm sales are easing says the Real Estate Institute of NZ (REINZ).

There were 10 fewer farm sales (-2.9%) in the three months ended September 2015 than in the three months ended September 2014.

Overall, there were 337 farm sales in the three months ended September 2015, vs 387 in the three months ended August 2015 (-12.9%) and 347 in the three months ended September 2014.

1726 farms were sold in the year to September 2015, 10.1% fewer than in the year to September 2014.

Six regions recorded increases in sales volume in the three months ended September 2015 vs the three months ended September 2014.

Auckland recorded the largest increase in sales (+19 sales), followed by Hawkes Bay (+10 sales) and Wellington (+9 sales). Compared to the three months ended August 2015, three regions recorded an increase in sales.

"Spring sunshine, warmer temperatures, good prospects for beef and lamb and the slow turnaround in the dairy industry are combining to lift morale in the rural sector," says REINZ rural spokesman Brian Peacocke.

"The latest payout figure from Fonterra and the lift in the Global Dairy Trade auction prices have stimulated a collective sigh of relief among dairy farmers.

More like this

Buyers hunting for right farm

It could be that buyers are hunting out the right farm to purchase as farm sales drop for the three months ended December 2023. That’s according to the Real Estate Institute of New Zealand (REINZ).

Buyers influence rural market

Recently released data from the Real Estate Institute of New Zealand (REINZ) shows there were 77 fewer farm sales for the three months ended November 2023 than for the three months ended November 2022.

Change in govt could boost farm sales

Recent data from the Real Estate Institute of New Zealand (REINZ) shows October was another month in which there were fewer farm sales than at the same time in 2022.

Farm sales down, values holding

Recent data from the Real Estate Institute of New Zealand (REINZ) shows a 22.5% drop in the amount of farm sales for the three months ended July 2023 than for the same period in 2022.

Farm sales dip, market holding

Recently released data from the Real Estate Institute of New Zealand (REINZ) shows that while the number of farm sales is low, the market remains strong.

Featured

Dairy sheep and goat turmoil

Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.

Hurry up and slow down!

OPINION: We have good friends from way back who had lived in one of our major cities for many years.

Editorial: Passage to India

OPINION: Even before the National-led coalition came into power, India was very much at the fore of its trade agenda.

National

Govt urged to reduce ETS units

The Climate Change Commission wants the new Government to reduce NZ Emissions Trading Scheme (ETS) auction volumes as son as…

Dairy sheep, goat woes mount

Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand…

Machinery & Products

All-terrain fert spreading mode

Effluent specialists the Samson Group have developed a new double unloading system to help optimise uphill and downhill organic fertiliser…

Can-Am showcases range

Based on industry data collected by the Motor Industry Association, Can-Am is the number one side-by-side manufacturer in New Zealand.

» Latest Print Issues Online

Milking It

Papal visit

OPINION: European farmers are going to extreme lengths to have their message heard.

Thai egg tarts

OPINION: The hustle and bustle of one of Bangkok's most popular fast food outlets may feel a world away from…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter