Rural Press Release for June 2018


Lifestyle Press for June 2018

Winter market remains resilient

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 32 fewer farm sales (-7.0%) for the three months ended June 2018 than for the three months ended June 2017. Overall, there were 427 farm sales in the three months ended June 2018, compared to 443 farm sales for the three months ended May 2018 (-3.6%), and 459 farm sales for the three months ended June 2017. 1,480 farms were sold in the year to June 2018, 17.0% fewer than were sold in the year to June 2017, with 1.2% less dairy farms, 3.2% less finishing farms, 25.0% fewer arable and 28.0% fewer grazing farms sold over the same period.

Rural Press Release - June 2018

Inconsistent early winter market

Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 136 less lifestyle property sales (-6.4%) for the three months ended June 2018 than for the three months ended May 2018. Overall, there were 1,995 lifestyle property sales in the three months ended June 2018, compared to 2,088 lifestyle property sales for the three months ended June 2017 (-4.5%) and 2,131 lifestyle property sales for the three months ended May 2018.

Lifestyle Press Release - June 2018