increase font size
Data released today by the Real Estate Institute of NZ (REINZ) shows there were 13 more farm sales (+3.3%) for the three months ended June 2012 than for the three months ended June 2011.
Overall, there were 406 farm sales in the three months to end of June 2012, compared with 467 farm sales in the three months to May 2012, an decrease of 61 sales (-13.1%).
On a seasonally adjusted basis, after accounting for normal seasonal fluctuations, the number of sales fell by 6.8%.
A total of 1413 farms were sold in the year to June 2012, 47.2% more than were sold in the year to June 2011.
The median price per hectare for all farms sold in the three months to June 2012 was $17,565; a 12.8% increase on the $15,568 recorded for three months ended June 2011, and an increase of 3.1% on the $17,031 recorded for the three months to May 2012.
Nine of the 14 regions recorded increases in sales volumes for the three months ended June 2012 compared to the three months ended June 2011. Wellington recorded the largest increase in sales (+11 sales), followed by Bay of Plenty (+10 sales) and Nelson (+8 sales). Southland recorded 12 fewer sales, Otago 11 fewer sales and Waikato six fewer sales in the three months to June 2012 compared to the three months to June 2011. Compared to the three months ended May 2012 only Hawkes Bay, Northland and Wellington recorded increases in sales.
"Demand for farm properties remains strong, despite the onset of winter and the continuing volatility in commodity prices," says REINZ rural market spokesman Brian Peacocke. "We are seeing continued strength in the finishing and grazing sectors, with continuing solid enquiry for good quality dairy farms, with some late in the season settlements."
Included in sales for the month of May were 14 dairy farms at an average sale value of $29,369 per hectare. The average farm size was 109.6ha with a range of 23ha in Northland to 236ha in Southland. The average production per hectare across all dairy farms sold in June 2012 was 825kgs of milk solids.
Grazing properties accounted for the largest number of sales with 50.5% share of all sales over the three months. Finishing properties accounted for 20.2%, dairy properties 11.6%, and horticulture properties 7.6%. These four property types accounted for 89.9% of all sales during the three months ended June 2012.
For the three months ended June the median sales price per hectare for dairy farms was $27,919 (47 properties), compared to $29,485 for the three months ended May 2012 (60 properties), and $30,828 (58 properties) for the three months ended June 2011. The median dairy farm size for the three months ended June 2012 was 103ha.
For the three months ended June 2012 the median sales price per hectare for finishing farms was $18,851 (82 properties), compared to $15,899 for the three months ended May 2012 (82 properties), and $10,377 (59 properties) for the three months ended June 2011. The median finishing farm size for the three months ended June 2012 was 71ha.
For the three months ended June 2012 the median sales price per hectare for grazing farms was $13,025 (205 properties) compared to $13,496 for the three months ended May 2012 (250 properties), and $12,892 (209 properties) for the three months ended June 2011. The median grazing farm size for the three months ended June 2012 was 80ha.
For the three months ended June 2012 the median sales price per hectare for horticulture farms was $130,208 (31 properties) compared to $136,643 (26 properties) for the three months ended May 2012, and $132,401 (24 properties) for the three months ended June 2011. The median horticulture farm size for the three months ended June 2012 was 7ha.
The lifestyle property market saw a 7.6% increase in sales in the three months to June 2012 compared to June 2011. A total of 1492 sales were recorded in the three months to June 2012 compared to 1386 sales in the three months to June 2011. There were 92 fewer sales were recorded compared to the three months to May 2012 (+5.8%), although on a seasonally adjusted basis lifestyle sales fell by 3.4%.
Eleven regions recorded decreases in sales compared to May while two recorded increases. Bay of Plenty recorded the largest fall (-19 sales), followed by Canterbury (-15 sales) and Hawkes Bay (-11 sales). Gisborne recorded the largest increase in sales (+3 sales), followed by Waikato (+1 sale).
The national median price for lifestyle blocks rose by $2,500 (+0.5%) from $475,000 for the three months to May to $477,500 for the three months to June to reach a new record high. Compared to three months to June 2011 the median price also rose by $17,500 (+3.8%).
Commenting on the lifestyle property market statistics Brian Peacocke said, "The lift in the median price to a new record high reflects an ongoing shortage of quality listings in many parts of the country, although we have seen something of a slowdown in the number of sales with the onset of winter."
Beef + Lamb New Zealand (B+LNZ) says the Government needs to close loopholes in the guidance around limits on carbon forestry as news of further whole-farm sales emerges.
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.
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.
NZPork has appointed Auckland-based Paul Bucknell as its new chair.
The Government claims to have delivered on its election promise to protect productive farmland from emissions trading scheme (ETS) but red meat farmers aren’t happy.
Foot and Mouth Disease outbreaks could have a detrimental impact on any country's rural sector, as seen in the United Kingdom's 2000 outbreak that saw the compulsory slaughter of over six million animals.
The Ministry for the Environment is joining as a national award sponsor in the Ballance Farm Environment Awards (BFEA from next year).
Kiwis are wasting less of their food than they were two years ago, and this has been enough to push New Zealand’s total household food waste bill lower, the 2025 Rabobank KiwiHarvest Food Waste survey has found.
OPINION: Sir Lockwood Smith has clearly and succinctly defined what academic freedom is all about, the boundaries around it and the responsibility that goes with this privilege.
OPINION: For years, the ironically named Dr Mike Joy has used his position at Victoria University to wage an activist-style…
OPINION: A mate of yours truly has had an absolute gutsful of the activist group SAFE.
