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Property revalutations show price growth in kiwi industry

Recent property revaluations in Western Bay, New Zealand, show the kiwi fruit orchard sector in the lead. The industry saw a full return of investment and plans to expand after the PSA results.

"Confidence in kiwifruit is evidenced by these properties showing the largest increases in value of all categories in the district," according to Chief financial officer, Matt Potton.

"Similarly, dairy farms and pastoral properties have increased in value since 2014 indicating long-term confidence in the dairy industry. This confidence has supported property values and strengthened demand for farming land." he added.

source: nzherald.co.nz
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