Category Archives: Farms

Lifestyle Sales Steady

The lifestyle sector is seeing an explosion in activity as buyers rediscover enthusiasm for the rural option (and sodden, water-logged blocks dry-out!). The sales team report that interest in lifestyle sections is undergoing a dramatic upturn as buyers acknowledge and recognise the terrific selection available to them. A lack of development could, however, result in [...]

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Will Payout Be Cut?

Fonterra confirmed today that a strong New Zealand dollar and further drop in international dairy prices meant that the Board would be reviewing the current 2010/11 payout forecast. Record sales of $240 million at Fonterra’s Global online auction overnight were overshadowed by an 8.3% fall in the average price. This fourth consecutive drop was not [...]

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Rural Property Prices Static and Market Subdued by REINZ

Continuing static or declining price levels and low turnover of New Zealand’s farm properties are confirmed in the latest REINZ Rural Market Report statistics released today. In the three months to the end of June 302 farms were sold, an increase on the 285 sold in the same period last year, but less than half [...]

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