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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.
Farm sales are on the rise. According to recent data from the Real Estate Institute of New Zealand (REINZ), there was an 18.9% increase in farm sales for the three months ending August 2024 compared to the same period in 2023.
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).
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.
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.
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.
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