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 Landlord

Soaring 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

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.

Commercial

NZ proptech start-up scores major investor

Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.

Mortgages

LVR limits slow down investors

LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.

Site by PHP Developer