Real Estate
THE NZ FARMERS WEEKLY – farmersweekly.co.nz – April 6, 2020
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Rural property market keeps going Annette Scott annette.scott@globalhq.co.nz
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OVID-19 is changing the way of business for rural real estate but it’s not all bad, Bayleys chief operating officer and rural real estate country manager Duncan Ross says. “The way of doing business is changing and we are rethinking what it looks like in shape over the next few weeks and longer. “We are sharing ideas and working out new ways of dealing with things and how we do business.” For clients it’s about surety, certainty and advice to make sure they are comfortable with what’s in place. “For us the major difference is we can’t take people over a property but we can continue without physically going on the property.” Ross said more by good luck than good management the autumn property book was out just as the lockdown started. “All our properties are in the network and on the website and the listings provide a fair amount of information. “Interest is good, quite amazing really. We can do all the legal work and we are completing transactions that were in progress before lockdown. “We are still signing up contracts that started prior to lockdown, campaigns are due to close and some that were auctions have been pulled and changed to go through the tender process. “Activity hasn’t stopped in that space but we do expect it will drop down in time as we get through the initial phase and complete transactions that were in progress.” Still, there’s a lot of positivity in the rural real estate market he predicts will only build from here. “We are in times of unprecedented uncertainty, everyone is locked away and that’s forcing change on how we deliver. “Real estate business used to be face to face, obviously that’s not happening now and whilst we
CHANGING: Interest in farms is still good and agents are adapting the ways they interact with buyers and sellers.
All that revenue is still being built. The ag sector is the backbone of the country. It will power on and hopefully lead to more. Duncan Ross Bayleys
have new properties in the market it’s about how we do business in the new environment. “The agri-sector is the one sector that will power through this better than most,” Ross said. “It is the only sector that has to get through just a short-term deferral of income. For other
sectors it will be much longer. “Beef animals are going to keep tacking on weight, sheep are going to keep growing wool, harvest is still coming in, fruit and vegetables keep growing and processing companies, even though at lesser capacity, are still churning out product. “All that revenue is still being built. The agri sector is the backbone of the country. It will power on and hopefully lead to more. “It’s when there’s positivity in the sector that transactions will occur.” With the focus now more on yield rather than price per hectare people have got their heads around value being about the dollars they can make. “Because the agri sector is carrying on people can see that and be positive.”
Banks will likely be more prudent and might defer business to other sectors and that could make it more difficult to gain finance to the same level as previously. “But the agri sector will continue to power on and drive certainty,” Ross said. Until the March 31 quarter it has been a good run. “Now we are locked in because we can’t get people across farms but that just means we operate in a different way.” With 115 agents in rural and lifestyle real estate across the country connection with each other and with clients is greater than ever. “We can travel further afield on a phone in a day than we can miles in a car. While our guys have got the time we will certainly make good use of that.”
KEEP GOING: Rural real estate activity hasn’t stopped, Bayleys chief operating manager Duncan Ross says.
We’ll weather together
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IT’S ALTOGETHER BETTER IN THE
COUNTRY
Country is Altogether Better at bringing what we’ve seen and heard in the rural market directly to you. As the leaves begin to turn, we’ve had our eyes and ears to the ground to deliver you autumn’s freshest farm, speciality and lifestyle property opportunities for sale. Brought to you by Bayleys – New Zealand’s number one rural real estate brand – Country is the market-leading publication and forum for rural property and commentary. In the latest edition, Country explores ideas around regenerative agriculture and how we can implement more sustainable practices on-farm, and considers how New Zealand’s food provenance story is perceived globally. We also look at the concept of farm parks for lifestyle property buyers, and summarise a selection of recent rural sales nationwide to help you get a gauge on the market. For a great steer on all things Country – call 0800 BAYLEYS or view online at bayley.co.nz/country
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FARM, SPECIALTY AND LIFESTYLE PROPERTIES FOR SALE ISSUE 1 – 2020
LICENSED UNDER THE REA ACT 2008
A LT O G E T H E R B E T T E R
Residential / Commercial / Rural / Property Services
FARMERS WEEKLY – April 6, 2020
Real Estate
farmersweekly.co.nz/realestate 0800 85 25 80
33
NEW LISTING
Boundary lines are indicative only
Wairoa 821 Tiniroto Road and 14 Kent Road, Ruakituri
57ha freehold, maize crops, machinery and leases
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An A‘maize’ing opportunity located only 16km north of Wairoa, Northern Hawke’s Bay, is a fantastic cropping business opportunity. Bound by the Wairoa river the picturesque home title of 37ha includes approximately 15ha of maize with the four bedroom villa and numerous implement sheds with a large lockable workshop/three bay high stud shed. The 20ha Kent Road title includes approximately 11.5ha of maize, a three bedroom home with the balance easy hill. The going concern sale includes a large list of tractors, cultivation and harvesting equipment as well as over 80ha of maize crop soon to be harvested and the opportunity to enter into a longer term lease of approximately 45ha of cropping land in Wairoa. An opportunity to start your own cropping business or for farmers wanting to extend into a mixed/cropping business with the ability to finish livestock.
Tender (unless sold prior) Closing 4pm, Wed 13 May 2020 17 Napier Road, Havelock North Tony Rasmussen 027 429 2253 tony.rasmussen@bayleys.co.nz Stephen Thomson 027 450 6531 stephen.thomson@bayleys.co.nz
bayleys.co.nz/2852103
EASTERN REALTY LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008 MACPHERSON MORICE LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008
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Accelerating success.
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colliers.co.nz
RURAL rural@pb.co.nz 0800 FOR LAND
Property Brokers Limited Licensed under the Real Estate Agents Act 2008
High quality gold investment
Vendor instructions are clear!
NEW LISTING
WEB ID TXR02672 PAENGAROA 2A Allport Road View By Appointment 9.66 canopy hectares G3 Sungold Kiwifruit showing excellent returns.
BY NEGOTIATION
Early start premiums achieved on approximately 6 ha. with crop forecast for the 2020 harvest of 16,000 trays per ha. Plenty of potential as this young orchard is only in year 6 of production since grafting from greenfield. Water supply from 2 bores. Quality brick homestead of 245 m2, with additional accommodation of a modern cottage. The orchard also comprises 19 ha of grazing running 63 rising 2-year cattle and 14 ha 21 year Radiata pines.
3 2 Brett Ashworth
Mobile 021 0261 7488 bretta@pb.co.nz
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Investment potential plus!
DEADLINE SALE
Exciting opportunity with irrigation
DEADLINE SALE
PRICE REDUCED
WEB ID OMR72668 HILLEND 17 Tongue Road View By Appointment Offers over $4 million + GST will be considered. Property DEADLINE SALE closes Friday 22nd May, 2020 at 4.00pm, (unless sold prior) Brokers are proud and privileged to present this 352.7058 hectare dairy farm to the market as sole agent. The farm is well situated in strong & fertile country in the hinterland of South Otago with an RV $4,630,000. The property has a history of sound Ross Robertson production at lower cost meaning potentially higher Mobile 021 023 27220 returns. rossr@pb.co.nz Plus GST (if any) 4 Deadline Sale closing at 4pm Friday 22nd May 2020 or other date TBA subject to Covid 19 restrictions being Andy Kelleher lifted (all prior offers will be considered) Mobile 027 666 6811
DEADLINE SALE
andyk@pb.co.nz
pb.co.nz
WEB ID OMR75319 OAMARU 266 Eastern Road, Otekaieka View By Appointment DEADLINE SALE closes Friday 22nd May, 2020 at 4.00pm, Offers over $30,000 plus GST per hectare will be (unless sold prior) considered. Large scale dairy farm, location, soils, reliable water, modern infrastructure, all provide for a very efficient low input dairy unit. Return on investment will impress. • 423 hectares located at Otekaieke, Waitaki Valley North Otago. • Five-year production average of 619,000 kgMS or 1,518 milk solids per hectare effective. Price plus GST (if any) Deadline Sale closing at 4pm Friday 22nd May 2020 or Ross Robertson other date TBA subject to Covid 19 restrictions being Mobile 021 023 27220 rossr@pb.co.nz lifted (all prior offers will be considered)
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WEB ID OMR72871 BY NEGOTIATION MAHENO 39 Whartons Road View By Appointment Buyer enquiry over $3,000,000 plus GST will be given serious consideration for this exciting opportunity with Irrigation. Property Brokers is proudly presenting to the market this high production irrigated fattening property located in the fertile Kakanui Valley of the North Otago Region. • 152.1329 hectares • Fertile soils achieving high production dry matter. • 78 hectares of irrigation utilising two centre pivots. • Primary water consent via Kakanui River (33 ltr/sec) in combination with reliable NOIC (North Otago Irrigation Ross Robertson Company at 30 ltr/sec). Price plus GST (if any). Mobile 021 023 27220 rossr@pb.co.nz
+ GST (IF ANY)
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Real Estate
FARMERS WEEKLY – April 6, 2020
farmersweekly.co.nz/realestate 0800 85 25 80
35
FARM GOING TO AUCTION • Situated south of Whanganui at 123 Ratana Road is this 83 hectares consented for intensive agriculture. • This farm has great soil fertility and extensive drainage has been put in place including nova flow. • There is a very good bore that supplies quality water to stock troughs and dairy. • Includes 350 cow feed pad, very good stock handling facilities, eight bay machinery shed and 20 aside dairy. • Comfortable three bedroom home on separate title. • Good layout with numerous paddocks. Internal fences are mainly two wire electric along with a good internal central laneway system and good rural fencing. • Offers diverse income stream from beef, cropping, dairy.
Your destination For Rural real Estate
Google ‘Sallan Realty’ Your Farm Sales Specialist
LK0101960©
Sallan Realty
• The vendors are genuine sellers and wish to sell under the hammer on the day. • Auction 16th April 2020, 1pm on site.
LES CAIN 0274 420 582
Licensed Agent REAA 2008
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