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Solid Interest In Farm Sales

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A flurry of rural sales activity could be on the way, as the sale of a significant Central Hawke’s Bay farm brings an end to a slow autumn period for farm sales.

Data released yesterday by the Real Estate Institute (REINZ) shows nationally there were just more farm sales (+0.8 per cent) for the three months ended October 2018 than for the three months ended October 2017.

Overall, there were 263 farm sales in the three months ended October 2018, compared to 250 farm sales for the three months ended September 2018 (+5.2 per cent), and 261 farm sales for the three months ended October 2017.

“Hawke’s Bay was reasonably quiet on dairy but activity being registered on good finishing and grazing properties where attendance at open days is steady; one quality deer farm in Central Hawke’s Bay attracted very good interest and sold well,” REINZ rural spokesman Brian Peacocke said.

Photo: The Tahuna intensive cropping farm. 

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Posted: 24 November 2018

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