Record price paid for N.O. farm

A 105.6 hectare farm on the Lower Waitaki Plains has sold for $5,210,000.

That’s a little under $50,000 a hectare which PGG Wrightson real estate agent Dave Finlay says is a record for land in North Otago.

The property is spray irrigated from the Lower Waitaki irrigation scheme and had been a cropping farm. It was bought by a diary farmer who plans to use it for dairy support.

2 Responses to Record price paid for N.O. farm

  1. Colin Lucas says:

    I hate to say it HP but when I see those numbers being mentioned I start thinking “bubble” and all that entails. Or am iI having a glass half full moment?

    Like

  2. homepaddock says:

    Whatever the leve of your glass, Colin, I think it’s safe to say this price per hectare won’t be beaten any time soon.

    Like

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