NZ rural real estate all positive for 2021 General confidence to invest in the rural real estate market heading into 2021 is very positive, in stark contrast to the last three years’ market headwinds. While the challenges that have been present for some time remain, particularly the uncertainty with environmental planning and bank credit, the market is responding, driven off the back of proven returns. This is reflected in the significant role our primary sector now plays in NZ’s economic recovery, as other export sectors recalibrate post the impact of Covid-19. In addition, very low bank deposits continues to drive investment from the city in favour of the country, notably horticulture. Our top five picks that will underpin the demand for land this year include: 1.
2.
Demand for quality horticultural land will continue to outstrip supply particularly for Kiwifruit gold where momentum buying for quality orchards has yet to find a ceiling. Origin Capital Partners went to the market seeking $50m for kiwifruit investment and now expects to have $80-$90m. MyFarm had an unprecedented year in 2020 with $185m invested, most of which was in horticulture. The auction price of carbon will underpin the land market for traditional sheep and beef hill country farms as the carbon price tracks to $50 a unit over 2021. Currently, at $38 a unit up to $10 on a year ago, and demand for permanent forest land continues to exceed supply.
3.
The Overseas Investment Amendment Bill (No3) 2020 we anticipate will find support, where NZX listed companies will be allowed to go from 25% to 49% foreign ownership and rural lease terms extended from a maximum of three to ten years. Both measures would encourage new investment, retain NZ ownership/control and accelerate repayment of NZ Agri borrowing.
4.
Irrespective of any changes to OIA policy our view is long-term leasing of NZ farms, particularly large-scale dairy farms, is likely to feature more this year than any prior period. The separation of the land-owning entity from the operations makes the land-owning entity attractive to new city investment, including an outright sale, similar to the commercial sector.
5.
Both economically and politically, the tide is changing in favour of our primary sector. Labour has captured a significant share of the rural vote and has the prerogative now to reset the pace of change, with a more measured environmental approach, particularly the timeline to achieve freshwater standards and associated farm practices. This will underpin confidence more generally.
There are always forces at play with commodity cycles, currently its the exchange rates and the unintended quota consequences with Brexit. The biggest and most obvious however is the ongoing impact of Covid-19 on our international markets. To date, our NZ primary products have held-up well. So, as our land owners look to their own objectives and priorities for 2021, if a land sale or purchase is on the radar, rather than relying on the crystal ball and New Year predictions, give us a call. We have invested more into our rural team the last 12 months, than at any time in our 35-year history, and its showing in our results, and the confidence vendors have placed in us. Our qualified rural consultants independently assess every property, with the appropriate marketing campaign options recommended, backed by our national True Team coverage and our strategic Farmlands Cooperative partnership. Please take the opportunity to consider participating in our Autumn Rural Outlook; we sold 68% of listings presented in this format last autumn. Our Rural Outlook closes on the 26 February so don’t hesitate to get that professional second opinion, we are all back on deck and here to work through the options. Conrad Wilkshire General Manager Rural
Coming to a letterbox near you Expressions of interest for our Autumn Rural Outlook are open now, for delivery in March 2021. Don’t miss this opportunity to showcase your property to 75,000 letterboxes and businesses nationwide.
Talk with your local Property Brokers Team today 0800 367 5263
pb.co.nz Property Brokers Ltd Licensed REAA 2008 PB046376
Te Awamutu 105 Chamberlain Road Open Day
Opportunity knocks A mid-season bonus presents itself with the emergence of a cracking little dairy unit, oozing versatility with location to boost, approx 8 km north of Te Awamutu, 18 km to Cambridge • 105 Chamberlain Road, situated on the northern edge of the Hairini and Puahue districts • 58.785 ha - two titles - mainly flat contour; sandy & silt loam soils • Currently calving 210 cows plus 65/70 calves reared on whole milk, six year average 68,288 kgMS • Extremely versatile - options include dairy, dairy support, maize growing or an easy conversion to sheep milking • Neat & tidy 16 ASHB dairy; ample support shedding • Good water, v.g. computer controlled effluent system • Four brm homestead, v.g. garaging, attractive backdrop of trees • Excellent location, access to v.g. schooling; first-class road allowing quick travel to the support centre of Te Awamutu
Auction 12.00pm, Thu 11th Feb, 2021, Te Awamutu Sports Club - Albert Park Drive, Te Awamutu View Thu 21 Jan 10.00 - 11.30am Web pb.co.nz/TWR03122
Brian Peacocke M 021 373 113
E brianp@pb.co.nz
Rotoorangi 231 Grice Road Open Day
Excellent location - excellent contour Excellent location and contour with aesthetically pleasing mature trees are some of the features of a quality dairy farm now available in the Roto-o-Rangi district, 10 km from Cambridge. • 231 Grice Road, Roto-o-Rangi, 17 km north of Te Awamutu • 100 ha - two titles; strong silt & sandy loam soils; flat contour provides for a variety of land use options • Well raced & subdivided with a v.g. water reticulation system • Calving 360 cows, 120 calves reared on wholemilk, six year average of 103,072 kgMS • 32 ASHB dairy, normal range of farm buildings plus a good functional effluent system • Two x 3 brm dwellings in good, well maintained condition • Nicely situated on a private no-exit road, 3 km from a v.g. primary school, secondary schooling and sporting facilities within easy reach, in a first-class long established farming district Property Brokers Ltd Licensed REAA 2008 | pb.co.nz
Auction 12.00pm, Thu 11th Feb, 2021, Te Awamutu Sports Club - Albert Park Drive, Te Awamutu View Thu 21 Jan 12.30 - 2.00pm Web pb.co.nz/TWR03124
Brian Peacocke M 021 373 113
E brianp@pb.co.nz Proud to be here
Oringi 189 Gaisford Road Tender
Gaisford Road - 64 ha + 56 ha Gaisford Road provides the ultimate entry or add on to the dairy industry with 64 ha of some of best soil types in the Tararua District well supported by 56 ha of long term lease. The property has been utilised as a well established virtually self contained dairy business milking 240 cows for a 5 year average just under 100,000kgMS. Centrally located just south of Dannevirke with Palmerston North under 40 minutes drive.Farming improvements are of a very high standard with a 19 aside HB shed , purpose built calf rearing facility and various implement sheds. A four bedroom 2 bathroom brick home set in mature grounds completes a well presented package. Gaisford Road provides the astute investor a desirable mid-scale asset in a well sought after location.
Tender closes Wednesday 24th February, 2021 at 2.00pm, to be submitted to 129 Main Street, Pahiatua View By appointment Web pb.co.nz/PR80801
Jared Brock M 027 449 5496
E jared@pb.co.nz
John Arends M 027 444 7380
E johna@pb.co.nz
Peebles 261 Peebles Siding Road
High performing dairy This very productive 165.8967 ha Waitaki Plains dairy farm offers good infrastructure including a near new 34 ASHB dairy with GEA Milfos plant and ACR's.
For Sale By Negotiation + GST (if any) View By appointment Web pb.co.nz/OMR80292
No runoff is required with this huge 160x36m wintering shed which ensures very content cows with no wastage. Currently milking 450 cows producing 243,000 kgMS with 120 winter milkers. Reliable low cost irrigation applied by 70 ha pivot, 66 ha k/line and 19 ha borderdyke. Plenty of accommodation with a four brm + office home with double garage, three BR cottage and a one BR selfcontained unit. Quality sheds including six bay calf shed, large haybarn, four bay and three bay storage shed with workshop and 30 tonne grain silo and crusher. Property Brokers Pahiatua Ltd Licensed REAA 2008 | pb.co.nz
Merv Dalziel M 027 439 5823
E merv@pb.co.nz Proud to be here
FARMERS WEEKLY – January 18, 2021
Real Estate
farmersweekly.co.nz/realestate 0800 85 25 80
31
Opiki 579 Opiki Road
Dairy goat farm opportunity Located in the Opiki District, 93.93 hectares in three titles currently utilised as a dairy goat milking platform and producing high quality supplements. The farm is a new conversion in its fourth season with production lifting each season and the opportunity to increase further. Improvements include a purpose built 24 a-side milking shed and feed system, two 66 x 25 metre barns, converted potato shed and implement sheds plus an older style two bedroom home. This season there are 870 goats in milk plus replacements housed in the barns and Bucks outside. Supplements made on farm support the milking operation with surplus balage and hay sold, additional goat milking pellets are fed through the in shed feed system. The opportunity is available to purchase as a going concern including land, buildings, stock and machinery with a flexible settlement date.
Tender (unless sold prior) Closing 1pm, Thu 25 Feb 2021 View by appointment Mark Monckton 021 724 833 mark.monckton@bayleys.co.nz MID WEST REALTY LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008
bayleys.co.nz/3100365
Excellent medium-sized Dairy Farm For sale as a going concern or land only 135 Whataroa Road, Te Kuiti
Full Information packs available from Jeni at jeni@osbornesca.co.nz or 07 873 8189
Waverley Stewart Road Two blocks - dairy, grazing or lifestyle - 85.8047ha Two blocks, with flat and easy contours, located approximately 5km from Waverley, South Taranaki on Stewart Road, with a total area of 85.8047ha.
LK0105505©
• 215ha dairy farm. Milking platform 209ha • 80% flat and 20% rolling contour. 85 paddocks in total. The soils are Mairoa Ash (25%) and clay/sedimentary soil mix (75%) • Milks 525 cows. Three-year average production of 165 000kg MS • 40-bail rotary platform cowshed. Waikato Plant with near new pre-cooling system • Recently upgraded effluent system • New 5-bay implement shed and four other hay/storage sheds • Two 3-bedroom houses recently painted and in good condition • TradeMe Property Number GZE631 Buyer inquiry over $6,200,000
NEW LISTING
They can be purchased individually or as one unit. The smaller block consists of 21.6633ha and the larger one is 64.1414ha. Both of these blocks could be utilised as dairy run-off’s, beef finishing, or possibly as cut and carry units. The smaller block could potentially make an ideal larger lifestyle block.
bayleys.co.nz/3001386
For Sale by Deadline Private Treaty (will not be sold prior)
12pm, Thu 18 Feb 2021 158 Wicksteed Street, Whanganui View by appointment Knud Bukholt 027 222 6161 knud.bukholt@bayleys.co.nz BARTLEY REAL ESTATE LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008
1818 TAIRUA-WHITIANGA ROAD
Whitianga
1818tairua-whitianga.co.nz
Auction: Thursday 4 February 2021, from 1pm - 247 Cameron Road, Tauranga
(Unless sold prior)
SUBSTANTIAL AVOCADO & KIWIFRUIT PRODUCTION BLOCK This substantial 37ha (more or less) production block has genuine scale and diversity through a combination of 5 ca/ha mature Hass avocados trees, 11.05 ca/ha of Gold 3 and 3.5 ca/ha Green kiwifruit plantings. Located only 20 minutes from Whitianga or the quaint white sands of Hahei, Cathedral Cove, Cooks or Hot water Beach, and all the splendours Coromandel has to offer.
For further information or to inspect this exceptional horticulture property, contact Durrelle Green (The Green Team) - Orchard and Rural Specialist, today.
This premium north facing, easy to manage, flat contour, horticulture land with high-quality Waihi ash soil is well sheltered with high annual rainfall. The lifestyle here promises so much; a quality orchard experience on a substantial scale, combined with great country living on a riverside site just minutes to so many great Coromandel beaches. Sale price is Plus GST (if any).
Durrelle Green Orchard and Rural Specialist 027 949 3725 durrelle.green@eves.co.nz HMH Ltd, EVES Katikati & Waihi, Licensed under the REAA 2008
203 H OT WAT E R B E AC H R OA D W H E N UA K I T E
2 03 h o twa te r b e a c h .co. n z
Massive kiwifruit property portfolio for sale This well structured G3 & Hayward production orchard is situated at 203 Hot Water Beach Road, Whenuakite. An address conducive to holiday makers and horticulturists with a great growing climate in close proximity to Hot Water Beach, Hahei and Cooks Beach- some of Coromandel’s most stunning beach destinations. Split into two separate titles. There’s opportunity to add an additional dwelling to one of the titles. This property has been in the same ownership for over 40 years. This orchard offers 34 hectares total land size (approx.) with 11.24 canopy hectares of G3 and 3.17 canopy hectares of Hayward kiwifruit. In addition, there is approximately 10 hectares of grazing.
DURRELLE GREEN Orchard and Rural Specialist 027 949 3725 | durrelle.green@eves.co.nz
This is an extremely tidy orchard, well set up with great assembly structures and all agbeam pergola. Currently the orchard is leased. This combination of a large scale kiwifruit orchard combined with such an idyllic location so close to so many Coromandel beaches is rare to find. Sale Price is Plus GST (if any).
Contact Durrelle today for more information or to view this stunning holding. Auction: Thursday 4 February 2021, from 1pm 247 Cameron Road (unless sold prior)
HMH Ltd, EVES Katikati & Waihi, Licensed under the REAA 2008