Displaying items by tag: real estate

The Hound reckons news that an Austrian billionaire has been granted consent to purchase an $8m Hill Country farm, is living proof that the NZ First’s billion tree policy is a disaster for farming in this country.

Just two dairy farms have changed hands in Canterbury/North Otago in the current season, according to the just-released Colliers Dairy Property Market Review for 2020.

Farm sales were down 21.6% for the three months ended December 2019 versus the year prior ­— but sales look to be lifting.

Farmer groups are backing Government proposals to prevent productive land from falling to housing development.

PGG Wrightson says the recent sale of a Lower Waitaki dairy farm for $8.35 million could “re-ignite” the market for dairy property.

Demand will rise for existing kiwifruit orchards as a result of Zespri granting its annual quota of new licences for the gold kiwifruit variety, claims a rural property salesman.

Taranaki seems to be bucking the trend in sales of dairy farms nationwide, and it may be due to sharemilkers.

The rural property market is lacking ‘zing’ despite high primary product prices and low interest rates, says BNZ’s agribusiness report Rural Wrap.

More farms have been changing hands in recent months, according to the Real Estate Institute of NZ (REINZ).

Farm sales remain consistent, but are well below the levels seen in 2016, says the Real Estate Institute of NZ (REINZ).