Auckland leads national rural market
Chief executive Wendy Alexander said: "The value of lifestyle and rural properties we have sold in the past three months is up 20% compared to those for the same period last year, while the number of properties sold is up 10%.”
She said that in the past six months, the firm had sold 179 rural and lifestyle properties, for an average price of $24.4 milion.
"This is the highest average price in a six month period for the past four years."
Of the areas Barfoot and Thompson covers, in Northland the focus has been on dairy and dry stock farms, with the price an hectare for dairy farms being around $19,000 and that for dry stock farms $10,000. The price per hectare for medium hill country farms more suited to sheep and beef ranged from $5000 to $9000.
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