Rural & Lifestyle Property Data
Rural Press Release for August 2018
Lifestyle Press for August 2018
Late Winter Suppresses the Market
Data released today by the Real Estate Institute of NZ (REINZ) shows there were 12 more farm sales (+3.9%) for the three months ended August 2018 than for the three months ended August 2017. Overall, there were 323 farm sales in the three months ended August 2018, compared to 397 farm sales for the three months ended July 2018 (-18.6%) and 311 farm sales for the three months ended August 2017. 1,466 farms were sold in the year to August 2018, 14.2% fewer than were sold in the year to August 2017, with 6.8% less dairy farms, 13.1% fewer grazing farms, 13.9% less finishing farms and 16.7% fewer arable farms sold over the same period.
A Steady Late-Winter Market
Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 183 less lifestyle property sales (-9.7%) for the three months ended August 2018 than for the three months ended July 2018. Overall, there were 1,700 lifestyle property sales in the three months ended August 2018, compared to 1,808 lifestyle property sales for the three months ended August 2017 (-6.0%), and 1,883 lifestyle property sales for the three months ended July 2018.
Farm Sales Price Medians
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Lifestyle Block Sales Price Medians
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LATEST STATISTICS TABLE
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