Rural Press Release for August 2017


Lifestyles Press for August 2017

Rural market waits for Spring Sunshine

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 82 fewer farm sales (-20.9%) for the three months ended August 2017 than for the three months ended August 2016. Overall, there were 311 farm sales in the three months ended August 2017, compared to 392 farm sales for the three months ended July 2017 (-20.7%), and 393 farm sales for the three months ended August 2016. 1,707 farms were sold in the year to August 2017, 3.3% fewer than were sold in the year to August 2016, with 46% more finishing farms, 31% more dairy farms and 26% fewer grazing and 26% fewer arable farms sold over the same period.

Rural Press Release - August 2017

Lifestyle Market Brittle

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 546 fewer lifestyle property sales (-23.2%) for the three months ended August 2017 than for the three months ended August 2016. Overall, there were 1,808 lifestyle property sales in the three months ended August 2017, compared to 1,984 lifestyle property sales for the three months ended July 2017 (-8.9%), and 2,354 lifestyle property sales for the three months ended August 2016

Lifestyle Press Release - August 2017

Farm Sales Price Medians

Click Image To Zoom

Lifestyle Block Sales Price Medians

Click Image To Zoom