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

 


Outstanding Buyer Response to “Farming Hotspot”

Outstanding Buyer Response to “Farming Hotspot”

Two newly listed outstanding Northern Waikato dairy farms have generated strong early buyer interest nationwide, according to Harcourts Morrinsville Business Owner, Kevin Deane.

Mr Deane said as well as being very high quality farms, being based between Hamilton and Auckland meant they were in “a real New Zealand farming hotspot.” An increasing trend identified by his office had seen farmers from South and North Auckland selling up farms which had lifestyle or other development potential for “exceptional prices” to invest in larger farms in nearby Waikato.

Mr Deane noted with ongoing demand for high quality rural properties in the area continuing to exceed supply, initial buyer response to the marketing including website hits was well on track with expectations. He added that while there was strong rural interest “right across the market in the Waikato, we are seeing some amazing prices being paid for dairy in particular.”

The 227.5 hectare flat property on Kneebone Road was being run as two separate units with two cowsheds. In six titles, it offered a range of options for buyers. Mr Deane said to have flat land of such a large scale in the area was quite unique, as well as a herd of 660 cows where the Waikato average was 270 cows. The farm had recently undergone an extensive drainage, regrassing, and fencing programme, with farm advisers projecting a substantial increase in production to come. The property is being offered for sale by Tender, which closes 12 noon, 9 December 2004.

The 121 hectare flat property on Furniss Road has been in the same family for over 50 years and was renowned locally as an exceptionally well presented and well run property with 330 dairy cows. Mr Deane said “all but two hectares is dead flat” and included extensive plantings, high quality races, and “beautiful grounds in the homestead”. He added, “It’s a very well tendered farm reflecting the pride of long ownership with not a blade of grass out of place.” The property is being offered for sale by Tender, which closes 12 noon, 10 December 2004.

Harcourts National Rural Manager, Kim Shannon, confirmed that while nationwide the rural sector continued to show ongoing buyer confidence, “the buoyant greater Auckland market was certainly providing strong buyers for Waikato property.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

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>>

Earlier:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news