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Property Figures Show Ongoing Demand For Dairy Farms

Thursday, 22 January 2015 at 11:49am

Farm For Sale Sign

According to the latest Real Estate Institute of New Zealand (REINZ) figures, demand for dairy farms is still strong in New Zealand.  The latest data shows that although farm sales over the three months to December were down compared to the same time last year, sales had increased from the previous three months with 486 farm sales across the country of which 95 were dairy farms.  The median price for those farms, of more than $41,000 a hectare, was also higher.

According to REINZ there has been a strong run of sales in the Waikato Region with record prices being paid for quality property in good locations.  There is also an active market for dairy and support units in the Rotorua / Taupo district and a strong interest for Dairy farms in Canterbury where long-term investors were not put off by the drop in milk price.

Read more in this Hawkes Bay Article