The New Zealand rural property market - where to from here?
Abstract
The objective of this report is to understand why farmland values have
almost quadrupled since 1990 and perhaps more importantly analyse and
try to predict where prices paid for farmland are likely to go from here.
The consensus of numerous discussions with Economists, Real Estate
agents, Bankers, Valuers and the people making the final decisions,
Farmers, is that prices have risen too far too fast, cannot be justified by
sensible rational financial parameters and that an overdue correction will
happen. It is the extent and timing of this correction that causes most
debate.
Keywords
rural property market; rural land valuesFields of Research
150403 Real Estate and Valuation Services; 070106 Farm Management, Rural Management and AgribusinessDate
2006Type
MonographCollections
Copyright © The Author.