Heading for the hills
Investors and farmers have continued to show confidence in the pastoral sector in recent months, despite tougher times in the dairy sector and uncertainty due to world events like Brexit and The Trump Presidency bring to the global trading environment.
Real Estate Institute of New Zealand data closely mirrors the experiences of Bayleys rural agents around the country, and the institute reported an increase in farm sales for the year to date November, totalling 1,803 and up 2% on the year before. That came despite a slide in the total number of dairy properties sold nationally.
Ten regions around New Zealand reported a lift in the volumes of sales for the critical spring months up to the end of November when compared to the same period in 2015. Those regions were led by Otago, followed by Northland then Canterbury.
Read more...[Download PDF]