M bovis effect on farm sales a hidden struggle

Rural Exchange 22/07/2018

As the flow on effects of the Mycoplasma bovis outbreak continues to be felt around New Zealand, there's rising concern over it's impact on rural real estate.

Brian Peacocke, a rural and lifestyle property specialist, told RadioLIVE's Rural Exchange that the impact on sales is hard to gauge.

"When any properties are infected with the disease they simply don't come on the market because there would be nobody interested in purchasing them," Mr Peacocke said.

According to recent REINZ figures, sales turnover was lower for the three months to the end of June, with 32 fewer sales, compared to the three months to the end of May.

There were 1480 sales for the year, down 17 percent on the corresponding period a year earlier.

Mr Peacocke also discusses changes in conditions of sale, a huge lift in the median price for horticulture properties, and the three highest value rural areas at the moment.

Rural Real Estate on Rural Exchange is a regular feature on REX thanks to our friends at Bayleys Real Estate.

Watch the full interview with Brian Peacocke above.

Rural Exchange with Hamish McKay, Sarah Perriam and Richard Loe, 5-7am Saturday and Sunday on RadioLIVE with Carter’s Tyre Service. Click here for all the ways to watch and listen.