Farms sold in New Zealand | interest.co.nz (2024)

FAQs

What is the average price of land in New Zealand? ›

The price of farm property in New Zealand was the highest in the Bay of Plenty region as of July 2022, with an average sale price of 592 thousand New Zealand dollars per hectare. Livestock farms outnumbered all others in the types of farms sold in New Zealand.

Local newspapers are a handy resource. You could drive around the area you have your eye on looking for 'For Sale' signs. Get in touch with a local real estate agent to let them know what they are after. That way, they can keep their eye out for you.

A remote New Zealand farm has sold for more than NZ$30 million ($18 million), setting a record price for the South Island region of Queenstown that already boasts some of the nation's most expensive real estate.

For the three months ended December 2022, the median sale price per hectare for dairy farms was $44,060, compared to $43,160 for the three months ended November 2022. However, this marks a decrease in the past 12 months, with the median price having hit $44,310 per hectare for the three months ended December 2021.

Overseas people usually cannot buy a house or land in New Zealand. If you have a residence class visa but you are not yet 'ordinarily resident', you can buy or build one home to live in as long as you get consent from the Overseas Investment Office before you buy. You can apply for pre-approval that lasts up to a year.

The monthly cost of living in New Zealand

The cost of living in New Zealand, for one person in a major city, is between NZ$3,000-NZ$4,000 per month. A family of four can expect to need NZ$5,000-NZ$6,000 per month to live.

Before land can be sold to foreign investors it has to go through the Overseas Investment Office (OIO) which assesses applications from overseas investors seeking to invest in sensitive New Zealand farm land.

Property in New Zealand is relatively expensive considering the country's small population and large land mass. This is thanks to years of sustained growth in housing prices, following consistent strong economic results and high demand for homes.

New Zealand makes a distinction between "land taxes" and "property taxes". The traditional concept of property tax may apply the same rate both to improvement values and to land values. A pure land tax exempts improvement values from taxation altogether and taxes only land values.

What is the average farm size in NZ? ›

Farm holdings 2020

In 2019, there were approximately 49,000 farm holdings, irrespective of size or location, with an average area of 271 hectares.

1. Taumata Plantations Limited (101,854 hectares): Taumata Plantations purchased the former Carter Holt Harvey forests and has kept a significant majority of the land, recently on-selling some of it to New Zealand companies. The company is ultimately owned by several overseas investment funds and banks.

Average price for 410kg heifers was $1.58/kg or $645/head.

The environmental consequences of dairying include pollution of surface and groundwater; destruction of wetland and native lowland forest for farm development; indirect damage to freshwater and estuarine habitat through contamination and nutrient pollution of surface and groundwater; loss of native biodiversity ( ...

About Fonterra

Fonterra is the biggest dairy company in the world with impressive stats: owned by 10,500 farmers, employs 1600 tanker drivers, and 22,000 global staff, 85 million litres of milk picked up daily, 22 billion litres of milk processed every year, $17 billion in revenue.

Anyone wishing to move to New Zealand permanently will need to get a resident visa. As mentioned above, there are many different ways how you can obtain a long-term resident visa in New Zealand, depending on why you're moving to the country. This does not apply to New Zealand citizens or Australian citizens.

To live in New Zealand permanently, you need a resident visa. There are a number of pathways to obtaining a resident visa, many of which start with a temporary visa allowing you to work, study or own a business in New Zealand.

If you want to stay in New Zealand permanently, possibly to become a citizen, you need a permanent residency visa. Permanent residency visas can be evaluated based on “points” given for factors like your age, profession, and education level.

The average house price in NZ is currently $987,887 (September 2022) down from the $1,043,261 peak in March 2022.

New Zealand's healthcare system is a universal public system. It is one of the top 20 healthcare systems in the world, on a par with the United States and the United Kingdom. With the 1938 Social Security Act, New Zealand brought into law universal and free healthcare.

Who owns the farms in New Zealand? ›

Landcorp Farming Limited ("Landcorp") is a state-owned enterprise of the New Zealand government.

In general terms yes, you can. However, this is subject to the following criteria: You must be 25m from any boundary in the rural general zone and 10m from a boundary in the rural residential zone (10m from a road boundary). You must be more than 50m from any existing or consented dwelling on an adjoining property.

Newton's investigation reveals that in total 56 percent of New Zealand is privately owned land. Within that 3.3 percent is in foreign hands and 6.7 percent is Maori-owned.

It can be quite expensive to live in New Zealand. So before you make the move, it's a good idea to ensure that you have plenty of money in your savings account. This is very important, especially if you don't have a job before you move to the country and you need some time to find one.

The average cost of living in New Zealand ($1718) is 22% less expensive than in the United States ($2213). New Zealand ranked 20th vs 5th for the United States in the list of the most expensive countries in the world.

New Zealand is a significantly cheaper place to live in compared to the US. In New Zealand, the average cost of living for a single ranges between $3,500 to $5,200 per month. In the US, a single needs about $4,800 to $7,000 (US$3,000 – US$4,300) monthly.

United States has a top tax rate of 39.6% as of 2016. In New Zealand, the top tax rate is 33.0% as of 2016.

Non-residents' exemption

A non-resident's personal services income earned in New Zealand is exempt from New Zealand tax if all the following conditions apply: the visit (or visits) of the non-resident do not exceed, in total, a period or periods of 92 days in the income year.

New Zealand is pretty much an expat paradise – it's handled COVID better than most other countries, its progressive leadership has made it one of the most inclusive nations in the world, and there are breathtakingly gorgeous views at every corner.

Notable Residents

Parnell is known for being frequented and lived in by New Zealand's wealthiest citizens, with many celebrities, politicians, crown representatives and high-profile business people choosing it as their home.

What celebrities own property in New Zealand? ›

Other famous Northland property owners are thought to include US musicians Neil Young and Red Hot Chilli Peppers bass player, Flea, boxer David Tua and model Rachel Hunter. New York billionaire Julian Robertson owns Kauri Cliffs golf course, 20km north of Kerikeri.

More than a third of property in New Zealand is owned by mum and dad landlords, new analysis of housing records shows. Another sixth is owned by professional investors - those that have more than 20 properties to their name.

The survey of 729 employers and farm businesses found the average salary for farm workers was sitting just below $64,000. Since 2020 salaries in the dairy sector have increase an average of 15 percent, while sheep and beef workers got an average raise of 14 percent.

The trend has continued, with data from Statistics NZ showing the average age of farmers increased 2.6 years to 51.4 between the 2006 and 2013 censuses (beef farmers average age 56.1; deer 55.8; dairy 41.7; mixed cropping farmers 49.1).

The average farm size in the United States in 2021 was 445 acres, up 1 acre from the prior year. The average farm size in the United States in 2021 was 445 acres, up 1 acre from the prior year. Wyoming had the largest average farm size in the United States in 2021 followed by Montana & Nevada.

Molesworth Station is New Zealand's largest farm at 182,000 hectares (500,000 acres, or over 700 square miles), and supports New Zealand's largest cattle run.

Lange and Twain bought most of the land at Mahu Whenua in 2004 for $21.5 million. Lange now owns it all but rarely visits and leaves the day-to-day running to a management team. Paul Carberry, founder of travel company New Zealand In Depth, says the new suites at Mahu Whenua are a much-welcome addition.

Matanaka Farm, dating from around 1840, has outstanding significance. It is Otago's earliest farm and is thought to include New Zealand's oldest surviving farm buildings.

The levy will depend on factors including the number of animals kept, the size of the farm, the type of fertilizer used and steps farmers take to reduce their emissions. It's expected to reduce the amount of methane New Zealand's livestock release into the atmosphere by as much as 47 percent by 2050.

The average export value for NZ lamb into export markets has soared in the second and third quarter of 2021. Since bottoming out in March at $9.61/kg, strong overseas demand has propelled export values to record high levels. July values averaged $11.51/kg.

How much meat do you get from a cow NZ? ›

Whole carcass –approximately 250kg carcass weight

All meat is cut into packs of 2-3 steaks and frozen, ready for your freezer.

Thanks to New Zealand's temperate climate, cows here can graze outdoors all year round. And being predominately grass-fed (rather than grain fed) their milk is richer in omega-3 fats, beta-carotenes and CLA (that's a beneficial fatty acid called conjugated linoleic acid).

“The harm done by dairy production is far reaching. Not only is the industry our worst climate polluter and cause of river degradation, but it is rendering groundwater drinking supplies – which 40% of New Zealanders rely on – undrinkable.”

The COVID-19 pandemic and federal milk price regulations changing are some of the main issues impacting dairies financially.

The Friesian produces large volumes of milk. These black and white cows are New Zealand's most common dairy cow, making up 45% of the national commercial milking herd. Its milk is also the highest in protein of the two main dairy breeds.

Dairy farming in Waikato

Waikato has a long history of dairy farming, and it is now the largest region for dairy production in New Zealand. The mild climate and ample rainfall make it ideal for pasture-based dairy farming.

Average House Prices in New Zealand averaged 585300.51 NZD from 2007 until 2023, reaching an all time high of 1063765.00 NZD in January of 2022 and a record low of 375577.00 NZD in February of 2009. This page includes a chart with historical data for New Zealand Average House Prices.

"The key conclusion is that a combination of a global fall in interest rates, the tax system, and restrictions on the supply of land for urban use were the main cause of higher house prices in Aotearoa New Zealand over the past 20 years," Stephens said.

According to the latest property figures (July 2022) from Reinz, the national average price for a house in NZ is NZ$810,000 (£428,952). The average property price in Auckland has decreased by 5.6%, with properties elsewhere increasing in median value.

How much does a hectare of land cost in New Zealand? ›

The median price per hectare was $34,265 in October 2021, up +9.5% from September 2021, and up +23% from October 2020. 14 horticultural farms. You can find current farms for sale and listed on the market here.

The average house price in NZ is currently $987,887 (September 2022) down from the $1,043,261 peak in March 2022.

The cost of living is affordable. Housing, food, and transportation costs are significantly lower in New Zealand than in other major cities worldwide. This means you can live comfortably on a monthly budget of $1,640 – $6,200 (NZD 2,590 – NZD 9,750) Per Month.

If you want to stay in New Zealand permanently, possibly to become a citizen, you need a permanent residency visa. Permanent residency visas can be evaluated based on “points” given for factors like your age, profession, and education level.

The average cost of living in New Zealand ($1718) is 22% less expensive than in the United States ($2213). New Zealand ranked 20th vs 5th for the United States in the list of the most expensive countries in the world.

Owning land is a fundamental part of the quintessential Kiwi dream. We want to be the king of our own castle. There is a common belief that we (within the limits of local authority regulations) can do whatever we want with the land that we own.

How much is the rent in New Zealand? Monthly, a one-bedroom apartment in a city center would cost on average 1,500 NZD (990 USD), and 1,200 NZD (790 USD) outside the center.

Forestry land

These interests are generally purchasing closer to processing facilities or export sites and they are paying prices in excess of $16,000 per hectare for ground-based harvesting land in good localities.

Acre. Is an imperial measure of area and is equal to 0.404686 hectares or 4047 square metres.

What is the average value of a farm? ›

The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,800 per acre for 2022, up $420 per acre (12.4 percent) from 2021. The United States cropland value averaged $5,050 per acre, an increase of $630 per acre (14.3 percent) from the previous year.