Ru­ral prop­erty sales still pos­i­tive in re­gion

Matamata Chronicle - - Rural Delivery -

The sold signs con­tinue to ap­pear across the Waikato ru­ral prop­erty mar­ket de­spite fears about the fall in dairy pay­out prices.

Sev­eral re­cent dairy farm sales around the re­gion sug­gest the ru­ral mar­ket re­mains pos­i­tive head­ing into Christ­mas, buck­ing spec­u­la­tion that in­ter­est would de­cline.

This was high­lighted with the auc­tion of a 60-hectare farm near Mor­rinsville for $5.8 mil­lion, or $96,700 per hectare. The sale of the Tatua-sup­ply­ing farm in­cluded 83,723 in shares and 79,723 in milk sup­ply en­ti­tle­ments.

The sale made a pre­mium be­cause it was a Tatua sup­plier, PGG Wright­son agent Peter Liss­ing­ton said.

The rest of the mar­ket was rea­son­ably strong for well-lo­cated farms with good in­fra­struc­ture and soil types.

‘‘This is good news for the in­dus­try,’’ he said.

Liss­ing­ton would not di­vulge the buyer, but con­firmed it was a fel­low Tatua farmer.

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