June farm sales down

South Waikato News - - RURAL DELIVERY -

Ru­ral prop­erty sales eased in the Waikato in the leadup to win­ter, the Real Es­tate In­sti­tute says.

Thirty-nine farms sold in the Waikato in the three months to the end of June, com­pared to 50 in the three months to May and 45 in the three months to June last year.

Of the 39 Waikato farms sold in the past three months, 19 were graz­ing, 14 dairy, four fin­ish­ing, one hor­ti­cul­ture and one spe­cial prop­erty.

The me­dian sell­ing price per hectare in the Waikato for dairy farms over the three months ended June was $47,794, com­pared to the na­tional me­dian for dairy farms of $27,919 for the same pe­riod, and the Waikato me­dian for dairy farms for the three months ended June last year of $40,062.

For graz­ing prop­er­ties, the me­dian sell­ing price per hectare in the Waikato for the three months ended June was $20,455 com­pared to the na­tional me­dian for graz­ing prop­er­ties of $13,025 for the same pe­riod, and the Waikato me­dian for graz­ing prop­er­ties for the three months ended June last year of $26,592.

A to­tal of 192 life­style blocks sold in the Waikato in the three months ended June this year, com­pared to 191 in the three months to May, and 151 in the three months ended June last year.

The me­dian sell­ing price for life­style blocks in the Waikato over the three months ended June was $448,500 com­pared to the na­tional me­dian for life­style blocks of $477,500 for the same pe­riod, and the Waikato me­dian for life­style blocks for the three months ended June last year of $415,000.

Real Es­tate In­sti­tute ru­ral mar­ket spokesman Brian Peacock said de­mand for farm prop­er­ties re­mained strong na­tion­ally, de­spite the on­set of win­ter and the con­tin­u­ing volatil­ity in com­mod­ity prices.

A to­tal of 1413 farms were sold na­tion­wide in the year ended June.

This was 47 per cent more than sold in the year ended June 2011.

EAS­ING: Ru­ral prop­erty sales have eased.

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