Lifestylers a 'threat' to farms
Sunday 19 September 2004
More than 37,000 hectares of New Zealand farmland - the size of Auckland's regional parks network - is lost each year to the rural sprawl of lifestyle blocks.
By The LandlordSoaring demand from townies wanting the country life means 6800 new lifestyle blocks are created each year, says a new study commissioned by the Ministry of Agriculture and Forestry (MAF).
The land lost to subdivision equates to about 247 average dairy farms each year, raising fears that creeping urbanism now threatens primary production.
Critics say huge prices for lifestyle blocks - the national median hit $302,000 in July, up from $215,000 two years earlier - have made subdivision in some areas more viable than farming.
Read More - Opens in a new window
Commenting is closed
Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.
Tales of strife and problems abound in the commercial property world these days, but the impact of the Covid-19 pandemic has not been as devastating for all commercial players.
Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.