Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Record Price for Exceptional Horowhenua Cropping

5 November 2004

Record Price for Exceptional Horowhenua Cropping

A 106 hectare Opiki property in Northern Horowhenua more than lived up to its reputation as prize potato and cropping land by achieving a record-breaking price when it was sold late last month.

According to Co-owner of Harcourts Levin, Stuart Pescini, the $46,900 per hectare ($19,000 per acre) achieved exceeded the previous record in the area set in August this year of $16,500 per acre.

Marketed by Tom Childs from Harcourts Levin, the land had been in the same family for close to 50 years. Two brothers owned the adjoining 61 hectare and 45 hectare blocks with one accessed from Wilsons Road and the other from Whitaunui Road.

Mr Childs described it as “exceptional quality with large paddocks tile drained ready for the plough.” A former potato grower himself, Mr Childs said, “quality land like this really comes into its own in challenging climate conditions such as those experienced this year.”

Mr Pescini said the level of enquiry for the property was strong especially from neighbouring farmers. “They certainly appreciated the quality and capability of the land and the owners were naturally delighted with the result.”

Harcourts National Rural Manager, Kim Shannon said the sale price achieved reflected the current buoyant nature of the rural real estate market especially for quality productive land in good locations close to major cities. “Such quality land promoted and marketed correctly continues to achieve premium sale prices on the current rural real estate market,” he added.


© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news