NZ dairy farm prices show sharp rise, REINZ figures show

Mon, 19 Sep 2016

By Edwin Mitson Sept. 19 (BusinessDesk) - The median price per hectare for a New Zealand dairy farm sales has increased by more than 50 percent on a year ago, Real Estate Institute of New Zealand figures show. In the three months to the end of August 2016, the median sales price per hectare was $40,469, with 14 properties sold. In the same period a year earlier, the median price was $26,906, with 21 properties sold, a rise of 50.4 percent. The figures cover the winter period, with REINZ noting that the low level of sales can distort...

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