Median price for NZ horticulture farms rises by 6%
Overall, there were 436 farm sales in the three months ended February 2017, compared with 521 farm sales for the three months ended January 2017.
"Sales figures for the three months ending February 2017 confirm an easing in volumes in all categories for the period, albeit sales of horticultural properties during the month of February showed a lift compared to the previous month", says REINZ rural spokesman Brian Peacocke.
"Horticulture remains the bright spot on the immediate horizon, particularly the kiwifruit and pip-fruit sectors, followed closely by a resilient beef market."
For the three months ended February 2017 the median sales price per hectare for horticulture farms was $269,034 (44 properties) compared to $204,281 (53 properties) for the three months ended January 2017, and $254,448 (54 properties) for the three months ended February 2016.
The median price per hectare for horticulture farms has risen 6 per cent over the past 12 months.
source: nzherald.co.nz
