According to property experts in New Zealand a gold kiwifruit orchard in Te Puke has sold for a record amount of $800,000 per hectare. Experts believe prices will continue to rise as well.
Western Bay of Plenty Council's most recent data on valuation shows kiwifruit orchards have increased by 42 percent in value and 54 percent in land value since 2014.
The Western Bay of Plenty Council's chief financial officer Matt Potton said the rise in kiwifruit orchard sector valuations reflected the industry's return to investment and expansion.
"This time last year, similar properties were selling for $600,000 per canopy ha and two years ago, they were around the $450,000 per canopy ha mark," he said.
source: nzherald.co.nz
