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Displaying items by tag: farm sales
Farm sales are dropping, according to data released by the Real Estate Institute of New Zealand (REINZ).
A large North Canterbury dairy farm, believed to be Canterbury's highest priced rural property sale in 2014, shows the strength of demand for dairy land, despite the sector's falling payouts.
FIVE MORE farms, a total of 347, sold in the three months to September, 2014 as compared to the same three month period last year.
FOUR FARM sales earlier this month suggest that recent falls in dairy payout forecasts have not diminished appetite for investment in the industry, says a leading national rural property salesperson.
THE MEDIAN FARM price per hectare rose 10% from March to April to $24,574, says the Real Estate Institute of New Zealand.
A WELL-RESPECTED Tararua sheep and beef unit sold in late December for $6.75 million, setting a new benchmark for farms of similar scale and quality, says the property's selling agent.
FARM SALES WERE up 47.3% (133 farms) for the three months ending November 2013, compared to the same period in the previous year, says the Real Estate Institute of New Zealand.
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