Wednesday, 21 July 2021, 2:13 pm
Data released today by the Real Estate Institute of New
Zealand (REINZ) shows there were 137 more farm sales
(+53.7%) for the three months ended June 2021 than for the
three months ended June 2020. Overall, there were 392 farm
sales in the three months ended June 2021, compared to 450
farm sales for the three months ended May 2021 (-12.9%), and
255 farm sales for the three months ended June
2020.
1,748 farms were sold in the year to June 2021,
51.5% more than were sold in the year to June 2020, with
148.1% more Dairy farms, 47.6% more Dairy Support, 40.1%
more Grazing farms, 67.5% more Finishing farms and 30.5%
less Arable farms sold over the same period.