Blog

As a company, Property Brokers has stood back from the debate on forestry, carbon, and pastoral farming; when it comes to selling rural real estate, it always pays to stay on task with the job at hand.

As we round into the winter months, there are some valuable reflections from the current season and what might inform the following season for pastoral hill country.

Confidence in the dairy industry continues, even with all the current global uncertainty. Typically, high international dairy commodity prices are a precursor for increased international milk supply; however, the significant forward pricing for grain and associated inputs appear to be dampening most global milk supply forecasts.

2021 was a record year for Hill Country property sales, with the median price equalling $10,300/ha to the end of December on the rolling 12-month average for 200 ha+ properties.

2021 was a record year for large sheep and beef sales, with the highest median price per hectare equalling $10,300/ha for properties 200 hectares or more in size on a rolling 12-month average to 31 December 2021. This is up by 30% on 2020, representing the most significant year-on-year increase in 20 years.

2021 was a bumper year by all accounts. December was Property Brokers’ strongest ever month with 51 rural sales equalling $233m, and just under a billion dollars of rural farm sales for 2021, equating to 50,000 ha’s of rural land throughout heartland New Zealand.