Property for sale in New Zealand is expected at the highest level in almost two years and the trend to continue, according to the latest Real Estate Institute of New Zealand. A total of 1003 homes were sold in the 12 months to August 2011. This is the earliest time as October 2009 that the yearly number has exceeded 1000 reflecting an underlying trend in growth, the organization said.

Institute for Rural Markets, said spokesman Brian Bauer Peacocke returns remained strong to keep up with an expected commodity prices or, in some cases less as the season progresses. There were 265 farms sold in the three months through August, up 38% over the same period last year, but 12% at the end of July.

The sale of dairy farms were low, as expected for this time of year, although it does not distribute evenly in demand for good quality pasture, beef and dairy products units with sales support across the country, said. The average price per hectare for the three months to August was $ 15,148 for all farms, evaluated to $ 16.968 a year ago.

The sale of lifestyle market in August fell from a peak in May, well above the previous year, the number of lifestyle properties for the three months to August sold from 1304 through 1066 in the same period last year with an average price of $ 444 000 under $ 453,000 for the period up to July. A recent survey by First National through their rural real estate agents, should weigh less list, lifestyle properties were snatched from buyers who escaped to the city in the country.