Magazine Article 1981 – $12,000 an acre for Hastings land

$12,000 an acre for Hastings land.

The boom in Hawke’s Bay horticultural land prices reached new heights when an orchardist paid $12,000 an acre for a block of 12.8 hectares (just over 31 ½ acres) near Hastings.

The block was bought for $384,400 by a neighbouring family which has grown apples in the area for about 50 years.

The land is sown in lucerne, grass and ryecorn. it contains two artesian wells for stock water.

The Government valuation on July 1, 1980 of $147,000 was based on land sales up to that date.

The District Valuer in Napier, Mr R. Speedy, described the land as the highest-priced economic block of  orchard land sold on the Heretaunga Plains for some time.

The President of the Hawke’s Bay Fruitgrowers‘ Association, Mr Keith Spackman, described the record price as “incredible”.

[Handwritten on article – “Nimons sold to Miller family”]

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WakeC836_212000Acre_036.jpg

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Format of the original

Magazine article

Date published

September 1981

Publisher

The Orchardist

People

  • Keith Spackman
  • R Speedy

Accession number

836/1181/36398

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