Investor Confidence Is All The Industry Needs
NEW ZEALAND - The good times are expected to continue in New Zealand if investor confidence has anything to do with it.
23 April 2007
1 minute read
Dairy farm sales increased from 27 in February to 56 in March, consistent with the March 2006 figure of 53 and the March 2005 figure of 58, but prices were well up, with a median of $3,275,000 in March 2007 compared with $2,950,000 last month, the March 2006 figure of $2,364,000 and the March 2005 figure of $2,500,000.
“The March rural property market and especially the dairy farm sector showed an undiminished confidence in the future, judging by sales numbers and prices. Despite the exchange rate being a constant problem, confidence in the rural sector is strong,” the REINZ National President Murray Cleland said today.
The national median sales price was up from $1,195,000 in February to $1,212,500 in March, up 10.2 per cent on the March 2006 median of $1,100,000 with sales up significantly from 154 in February to 234 in March, still below the March 2006 figure of 274 sales.
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