Market note
Rural property market note, November 2026
Doug Wakelin, Rural/Lifestyle Sales Consultant, Property Brokers Te Awamutu
Short answer. Five dated national figures from named sources on farm sales, the milk price forecast and the pastoral market. They are national figures and say little about any one farm or district.
Market note, November 2026
Five figures (national)
| Figure | Detail | Source and date |
|---|---|---|
| Dairy sales | Up 38.2 percent nationally in the 12 months to March 2026. The most dairy farm sales over $10 million in any equivalent 12 months since records began in 1997 (nominal values). | REINZ rural report, published 14 May 2026 |
| Finishing sales | Sales strengthened, but median price per hectare was down 1.3 percent year on year. | REINZ, 14 May 2026 |
| Lifestyle farmlet sales | Up 16.2 percent nationally in the year to March 2026. | REINZ, 14 May 2026 |
| Milk price forecast | 2026/27 forecast midpoint lifted from $9.50 to $9.75 per kgMS. Range $9.00 to $10.50. | Fonterra, 30 Oct 2026 |
| Pastoral market | Strong beef and lamb returns support confidence. Firm demand for productive grazing and finishing country. Values increasingly tied to carrying capacity rather than carbon alone. | Bayleys Pastoral Market Insights, October 2026 |
Rules update
See freshwater farm plans and PC1 and pines and carbon.
Check before you rely on this
General information only, not financial advice. Figures are national, and date quickly. Check with your solicitor, accountant and lender before acting.