New Zealand farmland median price per hectare declines 2.8% to $26,915 in May 2023, with fewer dairy farms sold.

New Zealand farmland prices decline, with a 2.8% drop in median price per hectare to $26,915 for farms sold in the three months to May 2023, compared to the same period in 2022. Fewer farms are going on the market, with the number of dairy farms changing hands falling by nearly a third. In contrast, the Australian farm property price boom, peaking in 2022, is still growing for its 10th consecutive year.

June 30, 2024
5 Articles

Further Reading