Sheep and Beef Property Market Update

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May 2020

In the past 12 months, we had a relatively active sheep and beef property market compared to other rural sectors.

Typically, the weight of money for sheep and beef properties is lower, leading to a deeper pool of local buyers. This also means there is greater liquidity and that the market has been less influenced by the absence of overseas buyers and the tighter bank lending criteria. 

Find our latest data on beef and sheep property sales for the key regions of Canterbury, Hawke’s Bay and Southland in the report and sales map below.

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Sheep and Beef Property Market Update

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Related Experts

Tim Banks

Associate Director | Rural Valuation

Christchurch (Rural Valuation)


Prior to joining Colliers, Tim had 25 years agribusiness banking experience in the North and South Island in relationship management, business development and senior leadership roles.

He completed and peer reviewed rural valuations throughout his banking career.  His banking skills include agribusiness finance, credit analysis and rural valuation.

With his wife he owns an irrigated, intensive stock and cropping property in North Canterbury.

The family property was leased prior to farming meaning Tim understands the lease market, has experience dealing with lessor and lessees and negotiating lease agreements.

Tim brings to the Colliers Rural Valuation and Advisory team agribusiness banking and practical farming experience, an understanding of irrigation and environmental compliance as well as a strong network of farmers and their advisors.

His focuses are all types of rural land valuation throughout the South Island and advisory work in the rural sector.
 

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Chris Boyd

Executive Director | Rural Valuation

Tauranga

Chris has 36 years valuation and consultancy experience across a wide variety of property related matters including compensation, financial reporting statutory compliance, acquisition and rural valuation. He previously held senior positions at both Valuation New Zealand and Quotable Value – where his primary focus was the Bay of Plenty and Waikato regions.

His client work for the firm since 2008 has covered a range of property types and issues including; agribusiness, horticultural ,  lifestyle and residential development land, forestry land valuations, Emission Trading Scheme issues, specialised asset valuations, valuations for financing, due dilligence tax compliance, trust formation, matrimonial disputes and compensation. In addition he has provided expert evidence in the High Court, District Court, Maori Land Court, Environment Court  and Land Valuation Tribunal.

Chris’s infrastructure sector experience has included valuation and advisory projects covering compensation for easement and right of way property interests acquired by Transpower and other leading New Zealand energy companies, for new transmission lines and infrastructure upgrades, and compensation assessments for Crown entities taking property under the Public Works Act 1981 for motorways and pipelines.

His forestry sector experience has encompassed numerous valuation and advisory engagements throughout the country – including advice in relation to devolution of the New Zealand Forestry Service in the late 1980s, land value and rental review assessments as part of Crown Forestry license protocols and Maori Land rental review requirements, various Treaty of Waitangi settlement awards and providing expert evidence.

Chris is based in our Tauranga office and offers our clients sound market advice founded on a comprehensive understanding of the specific sector dynamics and balanced by experience gained working on behalf of owners, regulators and adjudicators in both the public and private domain. He is involved in a number of practice areas including forestry, dairy, Kiwifruit Avocados, infrastructure and pastoral.

Chris is the immediate past chairman of the Tauranga branch of the Property Institute of New Zealand and is a member of  the Waikato No. 4 Land Valuation Tribunal and the Directors Institute of New Zealand.

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Kate Day

Registered Valuer | Rural Valuation

Invercargill

Kate is a born and breed Southlander. Growing up on a sheep and beef farm in Central Southland gave her an invaluable appreciation and understanding of the area and primary sector.

Kate graduated from Lincoln University in 2015 with a B. Com. Ag majoring in Agricultural Management and Rural Valuation. In her final year at Lincoln she received the Colliers Rural and Agribusiness Valuation Scholarship and consequently joined the company in 2016.

Kate worked out of the Christchurch office for four years, focusing predominantly on valuing properties in the Southland and Otago regions, gaining experience in dairy, sheep and beef, high country, horticulture and viticulture industries. She was also involved in developing datasets, overview analysis and trend commentaries for the Southland and Otago rural property markets for clients and communication reports.

In May 2019 Kate gained her registration and started building her own portfolio of clients in the Lower South Island.

In January 2020 Kate moved to Southland to open the first Colliers Rural Valuation office in the region.

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