increase font size
A 202ha, FLAT, dry-stock farm, described as one of the most admired in the Wairarapa, sold under the hammer last week at $5.61 million, well in excess of its $4.8 million 2011 government valuation.
Brought to the market by Gary Scott of PGG Wrightson Real Estate, Masterton, and sold at auction on May 8, the property, 'The Grange', is situated between Masterton and Carterton.
Gary Scott said around 60 people attended the auction.
"Bidding was brisk with five different bidders, including two parties bidding by phone. In the end, as often occurs with rural real estate, the successful purchaser was a neighbouring farmer who intends to consolidate 'The Grange' with his existing property, which is used for cropping and lamb finishing.
"At that price, the property exceeded the reserve and also surpassed most people's expectations, leaving both vendor and purchaser satisfied with the outcome," he said.
Scott sys, over the past 12 months, local rural property values have firmed and the number of sales has risen.
Described as a multi-use property, with capacity for finishing, breeding, cropping or dairy support, 'The Grange' features a 13-year-old, four-bedroom, two-storey homestead, and was in the hands of the previous owner for about 20 years.
The Real Estate Institute of New Zealand (REINZ) has released its latest rural property report, providing a detailed view of New Zealand’s rural real estate market for the 12 months ending December 2025.
Buoyed by strong forecasts for milk prices and a renewed demand for dairy assets, the South Island rural real estate market has begun the year with positive momentum, according to Colliers.
Fire and Emergency New Zealand has revoked the restrictions on lighting outdoor fires in Wairarapa’s southern coastal area.
As Ata Rangi approaches 45 years of growing wine in Wairarapa, Winemaker Helen Masters explores some of the highs and lows of 2024, including "The Vintage" of the past 30 years.
While the District Field Days brought with it a welcome dose of sunshine, it also attracted a significant cohort of sitting members from the Beehive – as one might expect in an election year.
Irish Minister of State of Agriculture, Noel Grealish was in New Zealand recently for an official visit.
While not all sibling rivalries come to blows, one headline event at the recent New Zealand Rural Games held in Palmerston North certainly did, when reigning World Champion Jack Jordan was denied the opportunity of defending his world title in Europe later this year, after being beaten by his big brother’s superior axle blows, at the Stihl Timbersports Nationals.
AgriZeroNZ has invested $5.1 million in Australian company Rumin8 to accelerate development of its methane-reducing products for cattle and bring them to New Zealand.
Farmers want more direct, accurate information about both fuel and fertiliser supply.
A bull on a freight plane sounds like the start of a joke, but for Ian Bryant, it is a fond memory of days gone by.
OPINION: If you ask this old mutt, the choice at the next election isn't shaping up as a contest of…
OPINION: A mate of yours says we're long overdue for a reckoning on what value farmers really get for the…
