Posts tagged "REINZ"

NZ dairy farm prices drop 18% as environmental, foreign investment concerns start to bite

[30 October/NZ Herald] The Real Estate Institute of NZ has released figures that indicate the median price per hectare for dairy farms has fallen 18.3% over the last 12 months. Overall, the prices across all categories of agricultural land have fallen 7% on year on year. In commentary, REINZ said that the early spring farm...

Otago farm sales up, but NZ trend down

[25 September/Rural Life] Otago farm sales increased over the last three months, however the national sales market was down 18 percent overall compared to the previous July. In the three months to August, there were 323 farm sales which was down 18.6 percent on sales recorded in the three months to July. According to Real...

Farm sales dip in March quarter

[24 April/Rural Life] Farm sales for the March quarter fell 11 percent with 50 fewer sales than the same period last year. The spread of Mycoplasma bovis had an effect on sales in some regions. Arable was down almost 41 percent and grazing was down almost 37 percent according to Real Estate Institute of New...

Farm sales nudge downwards

[17 August/Radio New Zealand Country] The latest farm sales figures from the Real Estate Institute of New Zealand show farm sales were down for the three months ending July but prices edged up to $27,158. REINZ Spokesperson, Brian Peacocke, said that it was a quiet time in the market as farmers commit to calving and...

‘Quietening off’ in farm sales continues

[18 July/ Radio NZ] Real Estate Institute of New Zealand (REINZ) figures show thirteen fewer farms were sold for the three months ending June compared to the year before. Rural Spokesperson Brian Peacocke said the median price per hectare for all farms sold decreased slightly; however, REINZ’s farm price index, which takes into account farm...

Farm sales robust despite product price drop, drought

[14 April/ NZ Herald] ANZ Bank said the rural property market has remain resilient, in the face of lower farmgate prices and drought conditions, with the seasonally adjusted measure for total turnover continuing to hover around the 10-year average and the all-farm price measure sitting at an elevated level after a rise in February to...

Jump in farm sales

 [24 January/ Radio New Zealand Rural] According to Real Estate Institute of New Zealand (REINZ) figures, 1746 farms were sold in 2013 (up 20% from 2012), reaching the highest annual level since 2009. The price rise is yet to be determined, but figures show a 5% increase from 2011 to 2012. REINZ Rural spokesperson, Brian...

Farm sales 20pc higher than last year

[16 August/ New Zealand Herald] An increase in farms sales by more than 20 per cent has been recorded this year, an indication of a supply shortage heading into spring the Real Estate Institute of New Zealand has said. 438 farms were sold in the three months to the end of July this year which...