Rural Press Release for September 2017


Lifestyles Press for September 2017

Difficult Conditions Constrain Rural Market

Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 117 fewer farm sales (-30.2%) for the three months ended September 2017 than for the three months ended September 2016.

Overall, there were 271 farm sales in the three months ended September 2017, compared to 311 farm sales for the three months ended August 2017 (-12.9%), and 388 farm sales for the three months ended September 2016. 1,667 farms were sold in the year to September 2017, 6.6% fewer than were sold in the year to September 2016, with 43.3% more finishing farms, 31.3% more dairy farms and 29.1% fewer grazing and 25.8% fewer arable farms sold over the same period.

Rural Press Release - September 2017

Lifestyle Market Softens Further

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 514 fewer lifestyle property sales (-23.0%) for the three months ended September 2017 than for the three months ended September 2016. Overall, there were 1,716 lifestyle property sales in the three months ended September 2017, compared to 1,808 lifestyle property sales for the three months ended August 2017 (-5.1%), and 2,230 lifestyle property sales for the three months ended September 2016.

7,995 lifestyle properties were sold in the year to September 2017, 1,120 (-12.3%) fewer than were sold in the year to September 2016. The value of lifestyle properties sold was $6.28 billion for the year to September 2017.

Lifestyle Press Release - September 2017

Farm Sales Price Medians

Click Image To Zoom

Lifestyle Block Sales Price Medians

Click Image To Zoom