Hawkes Bay Rural Property Market Report Autum 2015

Download a full copy of the report with commentary and graphs.

Key Highlights:

  • Latest theme is that the "Big are getting Bigger" with the majority of land transactions over the past six months being from larger farming operations, companies and Maori Corporations.
  • The Board of Inquiry Tukituki Plan Change 6 Review is due at the end of April. Complexity of nutrient management is creating challenges in the valuation and advisory sector.
  • Significant increase in land value (29.9%) for Hastings/CHB sheep and beef properties over 200 hectares in size during 2014. There appears to be a shortage of listings for the 2015 autumn campaign.
  • Orchard market has shown a considerable increase in land prices with a reduced number of sales. Large amount of redevelopment taking place.
  • Cropping land values increasing and are competing with the orchard sector who have a preference for "fresh" land.
  • The number of viticulture transactions have been relatively low. A number of mergers and acquisitions of large operator's achieving scale.
  • Demand for established mid rotation forestry properties remains high. Carbon price is rebounding, currently around $6.60/NZU.
  • Little activity in the Hawke's Bay dairy sector with there being strong sales in the Taranaki and Waikato regions on the back of retrospective payments from the previous record payout. We anticipate caution in the coming period due to uncertainty and volatility in global markets.
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