Rural news and publications

Landmark Marlborough dairy farm sale

September 2024

Landmark Marlborough dairy farm sale

One of Marlborough’s most admired farms sold earlier this year, resulting in Rai...
First farm purchase long term dream

September 2024

First farm purchase long term dream

Buying their first dairy farm, at Thornton on the Rangitaiki Plains 13 kilometres west of...
Expertise enables successful acquisition

September 2024

Expertise enables successful acquisition

Shaun and Vanessa Russell started looking for a farm two and a half years ago. “We wanted to...
Cherry orchard overlooks racecourse

September 2024

Cherry orchard overlooks racecourse

When Gary and Ali Jackson bought their six-hectare property overlooking the Cromwell Racecourse in...
Property report: NZ rural market optimistic after Federal Reserve rates cut

September 2024

Property report: NZ rural market optimistic after Federal Reserve rates cut

Despite a GDP drop for New Zealand this week, news of the US Federal Reserve’s first cut in interest rates in four years has led to positivity in the New Zealand rural real...
Momentum shift now appears imminent

August 2024

Momentum shift now appears imminent

By Peter Newbold, General Manager, PGG Wrightson Real Estate Two key signs point to a long-awaited shift in momentum for the dairy property market. Winter is traditionally quiet in our business,...
Market poised for spring upturn

August 2024

Market poised for spring upturn

Winter activity in the property market is often subdued, and this year has been no exception. However, heading into the spring we could be in line for a long-awaited shift in momentum. Nationwide...
Property report: Rural market resurgence may happen sooner than expected

July 2024

Property report: Rural market resurgence may happen sooner than expected

Challenges facing the rural real estate market may abate sooner than anticipated. That’s the...
Canterbury rural property identified for potential diversification to horticulture

July 2024

Canterbury rural property identified for potential diversification to horticulture

Land use could become more diversified in Canterbury if a handful of recent sales signals the start of a trend. With corporates like Talleys, McCains, Turners and Growers, Rockit and LeaderBrand all...
Property report: ‘Challenging’ rural market remains subdued

June 2024

Property report: ‘Challenging’ rural market remains subdued

Activity in the rural real estate market remains subdued, with around 30% less buyer activity than 12 months ago. That’s according to PGG Wrightson General Manager of Real Estate, Peter...
After tough times, Hawke’s Bay and East Coast rural property market stabilising

June 2024

After tough times, Hawke’s Bay and East Coast rural property market stabilising

After 2023 presented huge challenges to the region, this winter and the spring to come should see more normal conditions return to the Hawke’s Bay and East Coast rural property...
Overseas forestry investment in marginal sheep and beef country may be set to return

June 2024

Overseas forestry investment in marginal sheep and beef country may be set to return

Converting sheep and beef country to forestry is a controversial subject in many rural...
Highly regarded Marlborough dairy farm sells for first time since 1860s

June 2024

Highly regarded Marlborough dairy farm sells for first time since 1860s

One of Marlborough’s most admired and longest held farms sold in March.  Raidale, a 322 hectare low input, self-contained Rai Valley dairy farm, producing around 200,000 kilograms of milk...
Regional Real Estate Reports - June 2024

June 2024

Regional Real Estate Reports - June 2024

Read a snapshot about the current trends of the property market in your region.    Northland While a good range of the region’s properties are available for sale, buyers...
Dairy paving the way for rural property market recovery

May 2024

Dairy paving the way for rural property market recovery

Dairy looks set to lead the recovery of the rural property market. Having been at a low point of the cycle for several months, the market now seems poised to rebound, with dairy farm sales likely to...