Rural news and publications

With interest rates slowly dropping, what will it mean for buyers and sellers this year?

January 2025

With interest rates slowly dropping, what will it mean for buyers and sellers this year?

Most property owners were able to breathe a sigh of relief at the end of 2024, with the official cash rate being dropped by the Reserve Bank, resulting in the lowering of interest rates. And the...
Property Report: As temperatures rise, so does rural market confidence

December 2024

Property Report: As temperatures rise, so does rural market confidence

Calvin Leen: Market heats up in South Canterbury New Zealand’s rural real estate market is seeing renewed interest, particularly in the dairy sector, following Fonterra’s strong payout...
Property report: Rural market positive following uplift in dairy sentiment

November 2024

Property report: Rural market positive following uplift in dairy sentiment

The rural real estate sector in New Zealand is experiencing increased activity, buoyed by strong dairy payouts. That’s the view of PGG Wrightson’s General Manager for Real Estate, Peter...
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...
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 belief of PGG Wrightson’s General Manager for Real Estate, Peter Newbold. Speaking to The...
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...
Property report: Momentum remains subdued in the rural market

May 2024

Property report: Momentum remains subdued in the rural market

 Momentum in the rural property market remains subdued, with farm sales for the calendar year significantly down. PGG Wrightson General Manager of Real Estate, Peter Newbold, put that figure...
Property report: Rural market hits a low but there’s hope for the future

April 2024

Property report: Rural market hits a low but there’s hope for the future

The rural property market has reached “the bottom,” but “won’t need a lot...
Property report: Tough times slowing the rural market

March 2024

Property report: Tough times slowing the rural market

The rural property market is finally starting to see more activity following a difficult period for farm sales. “To be brutally honest, it has been tough for some time,” General Manager...
Property Report: 2023 a tough year for rural real estate

December 2023

Property Report: 2023 a tough year for rural real estate

There’s no denying 2023 has been a challenging year for the rural real estate market. General manager of PGG Wrightson Real Estate, Peter Newbold told The Country’s Jamie Mackay it was...
Property report: Palpable change in the rural market

October 2023

Property report: Palpable change in the rural market

With the weekend yielding both an All Blacks quarter-final win in the Rugby World Cup and a change in Government, plus a fourth positive Global Dairy Trade auction in a row three days later, the mood...
Property Report: Rural buyers optimistic about farming’s future

September 2023

Property Report: Rural buyers optimistic about farming’s future

Long-term confidence in primary sector returns is keeping the rural real estate market afloat,...
Property report: A tough year for the rural market

July 2023

Property report: A tough year for the rural market

The last 12 months in the rural property market have been among of the toughest in decades, according to the General Manager of PGG Wrightson Real Estate, Peter Newbold. Volumes have been low,...
Property report: Forestry and carbon farming

June 2023

Property report: Forestry and carbon farming

Jamie Mackay from The Country recently had his monthly real estate update from PGG Wrightson. Peter Newbold was unavailable but Peter Wylie, Real Estate Manager from the Waikato filled his boots...
Property Report: Monthly check on the pulse of the rural real estate market

May 2023

Property Report: Monthly check on the pulse of the rural real estate market

Jamie Mackay from The Country had his monthly catch-up with Peter Newbold, General Manager of PGG Wrightson Real Estate. Jamie Mackay from The Country recently caught up with Peter...