COLLIERS INTERNATIONAL RURAL MARKET DATA SERIES: … · 94 WEKA PASS ROAD WAIKARI May ‘17...
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NORTH CANTERBURY SHEEP AND BEEF FARM MARKET There has been good activity in the sheep and beef market in North Canterbury over the last twelve to eighteen months despite successive droughts and earthquakes. Demand has been driven by different and competing pools of buyers. Examples of buyers include farmers who are selling high value land for residential subdivision to buy sheep and beef properties; dairy farmers buying sheep and beef properties for dairy support and family succession; local farmers buying to increase their scale to improve profitability, buying a complimentary land type or selling irrigated land to buy more extensive hill country. Additionally, some farmers appear to be buying land within the command area for the Hurunui Water Project, a 21,000 hectare irrigation scheme due to be commissioned by 2021. Real estate agents report good inquiry on new sheep and beef farm listings from local buyers as well as those outside of North Canterbury due to favourable growing conditions. A positive outlook for commodity prices and historically low interest rates also support the market inquiry. With fewer listings and good inquiry we anticipate good quality sheep and beef properties will continue to sell well. Overseas buyers have been active in the market for large scale, high country properties. But Overseas Investment Office decisions to decline approval of overseas investors buying New Zealand farmland following the change in Government will reduce the buyer pool for these types of properties and potentially impact their values. COLLIERS INTERNATIONAL RURAL & AGRIBUSINESS | VALUATION SERVICES Jack Powell +64 27 485 6562 [email protected] Kate Day +64 27 883 6603 [email protected] colliers.co.nz/rural Data source: Colliers Rural Valuation ,Property Guru, REINZ Tim Banks +64 21 199 4599 [email protected] Ed Percy +64 27 652 5474 [email protected] Greg Petersen +64 21 991 348 [email protected] Michelle Ward +64 27 432 9015 [email protected] Ryan Bratty +64 27 631 1077 [email protected] 8 1 9 5 2 7 4 6 3 10 KEY Total area in hectares Assessed average efficient carrying capacity / SU $ / SU Net sale price per stock unit $ / ha Net sale price per hectare 94 WEKA PASS ROAD WAIKARI May ‘17 $ 6,810,000 $/ ha $11,676 583.24 ha $/ SU $1,261 5,400 SU 6 1109 WOODBANK ROAD HANMER SPRINGS January ‘18 $ 4,250,000 $/ ha $6,762 628.57 ha $/ SU $850 5,000 SU 1 508 VIRGINIA ROAD HAWARDEN November ‘16 $ 3,950,000 $/ ha $1,646 2400.27 ha $/ SU $823 4,800 SU 9 327 KAIWARA ROAD ETHELTON December ‘16 $ 7,000,000 $/ ha $8,011 873.75 ha $/ SU $1,296 5,400 SU 7 230 TARUNA ROAD HAWARDEN December ‘16 $ 3,800,000 $/ ha $6,518 583.04 ha $/ SU $1,187 3,200 SU 8 333 PYRAMID VALLEY ROAD WAIKARI November ‘16 $ 6,530,000 $/ ha $9,949 656.32 ha $/ SU $1,187 5,500 SU 10 1006 & 1102 GLENMARK DRIVE WAIPARA February ‘18 $ 6,250,000 $/ ha $9,318 670.74 ha $/ SU $1,078 5,800 SU 2 493 RAM PADDOCK ROAD WAIPARA November ‘17 $ 6,350,000 $/ ha $7,531 843.14 ha $/ SU $1,221 5,200 SU 3 307 BROXTON ROAD MASONS FLAT September ‘17 $ 3,000,000 $/ ha $7,469 401.64ha $/ SU $1,034 2,900 SU 4 182 STRINGERS ROAD WAIPARA September ‘17 $ 2,400,000 $/ ha $6,522 368.00 ha $/ SU $1,142 2,100 SU 5 COLLIERS INTERNATIONAL RURAL MARKET DATA SERIES: NORTH CANTERBURY 10 KEY SHEEP & BEEF FARM SALES 2016-2018 Tim Gifford +64 27 460 0371 Tim.Giff[email protected]
Transcript of COLLIERS INTERNATIONAL RURAL MARKET DATA SERIES: … · 94 WEKA PASS ROAD WAIKARI May ‘17...
NORTH CANTERBURY SHEEP AND BEEF FARM MARKETThere has been good activity in the sheep and beef market in North Canterbury over the last twelve to eighteen months despite successive droughts and earthquakes.
Demand has been driven by different and competing pools of buyers. Examples of buyers include farmers who are selling high value land for residential subdivision to buy sheep and beef properties; dairy farmers buying sheep and beef properties for dairy support and family succession; local farmers buying to increase their scale to improve profitability, buying a complimentary land type or selling irrigated land to buy more extensive hill country.
Additionally, some farmers appear to be buying land within the command area for the Hurunui Water Project, a 21,000 hectare irrigation scheme due to be commissioned by 2021.
Real estate agents report good inquiry on new sheep and beef farm listings from local buyers as well as those outside of North Canterbury due to favourable growing conditions. A positive outlook for commodity prices and historically low interest rates also support the market inquiry. With fewer listings and good inquiry we anticipate good quality sheep and beef properties will continue to sell well.
Overseas buyers have been active in the market for large scale, high country properties. But Overseas Investment Office decisions to decline approval of overseas investors buying New Zealand farmland following the change in Government will reduce the buyer pool for these types of properties and potentially impact their values.
COLLIERS INTERNATIONAL RURAL & AGRIBUSINESS | VALUATION SERVICES
Jack Powell+64 27 485 6562 [email protected]
Kate Day+64 27 883 6603 [email protected]
colliers.co.nz/rural
Data
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Col
liers
Rur
al V
alua
tion
,Pro
pert
y Gu
ru, R
EIN
Z
Tim Banks+64 21 199 4599 [email protected]
Ed Percy+64 27 652 5474 [email protected]
Greg Petersen+64 21 991 348 [email protected]
Michelle Ward+64 27 432 9015 [email protected]
Ryan Bratty+64 27 631 1077 [email protected]
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1
9
5
2
7
46
3
10
KEY
Total area in hectares
Assessed average efficient carrying capacity / SU
$/SU Net sale price per stock unit
$/haNet sale price per hectare
94 WEKA PASS ROAD WAIKARIMay ‘17 $6,810,000
$/ha $11,676 583.24 ha
$/SU $1,261 5,400 SU
6
1109 WOODBANK ROAD HANMER SPRINGSJanuary ‘18 $4,250,000
$/ha $6,762 628.57 ha
$/SU $850 5,000 SU
1
508 VIRGINIA ROAD HAWARDENNovember ‘16 $3,950,000
$/ha $1,646 2400.27 ha
$/SU $823 4,800 SU
9327 KAIWARA ROAD ETHELTONDecember ‘16 $7,000,000
$/ha $8,011 873.75 ha
$/SU $1,296 5,400 SU
7 230 TARUNA ROAD HAWARDENDecember ‘16 $3,800,000
$/ha $6,518 583.04 ha
$/SU $1,187 3,200 SU
8 333 PYRAMID VALLEY ROAD WAIKARINovember ‘16 $6,530,000
$/ha $9,949 656.32 ha
$/SU $1,187 5,500 SU
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1006 & 1102 GLENMARK DRIVE WAIPARAFebruary ‘18 $6,250,000
$/ha $9,318 670.74 ha
$/SU $1,078 5,800 SU
2 493 RAM PADDOCK ROAD WAIPARANovember ‘17 $6,350,000
$/ha $7,531 843.14 ha
$/SU $1,221 5,200 SU
3 307 BROXTON ROAD MASONS FLATSeptember ‘17 $3,000,000
$/ha $7,469 401.64ha
$/SU $1,034 2,900 SU
4 182 STRINGERS ROAD WAIPARASeptember ‘17 $2,400,000
$/ha $6,522 368.00 ha
$/SU $1,142 2,100 SU
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COLLIERS INTERNATIONAL RURAL MARKET DATA SERIES: NORTH CANTERBURY 10 KEY SHEEP & BEEF FARM SALES 2016-2018
Tim Gifford+64 27 460 0371 [email protected]
