Rural Press Release for October 2017


Lifestyles Press for October 2017

Rural market experiences a slow start to Spring

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 92 fewer farm sales (-26.1%) for the three months ended October 2017 than for the three months ended October 2016. Overall, there were 261 farm sales in the three months ended October 2017, compared to 271 farm sales for the three months ended September 2017 (-3.7%), and 353 farm sales for the three months ended October 2016. 1,649 farms were sold in the year to October 2017, 6.3% fewer than were sold in the year to October 2016, with 45.9% more finishing farms, 29.8% more dairy farms and 30.0% fewer grazing and 25.5% fewer arable farms sold over the same period.

Rural Press Release - October 2017

 

Lifestyle market gathers for the Spring surge

Data released today by the Real Estate Institute of NZ (REINZ) shows that there were 448 fewer lifestyle property sales (-21.0%) for the three months ended October 2017 than for the three months ended October 2016. Overall, there were 1,727 lifestyle property sales in the three months ended October 2017, compared to 1,716 lifestyle property sales for the three months ended September 2017 (+0.6%), and 2,175 lifestyle property sales for the three months ended October 2016.

Lifestyle Press Release - October 2017

Farm Sales Price Medians

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Lifestyle Block Sales Price Medians

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