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Research, Policy and Practice

Table 1 Land sales prices: for freehold title to former pastoral lease land, and for freehold land after privatisation a

From: The myth of encroachment

Name of former leasehold

Privatised hectares (A)

Total paid for freehold (B)

On-sold hectares (C)

Total paid for on-sold land (D)

Number of on-sold parcels

D / C B / ( A )

Alphaburn

3365

$267,500

193

$10,100,000

1

658

Bendigo

8727

$172,500

625

$4,685,000

13

379

Closeburn

930

$199,889

14

$17,696,000

25

6090

Cone Peak

2181

$350,000

40

$1,650,000

1

257

Eastburn Waitiri

5910

$535,000

1810

$9,700,000

2

59

Glenroy

1973

$400,000

13

$425,400

3

159

Hillend

2659

$336,000

2443

$26,200,000

2

85

Midrun-Lake McKay

5372

$179,375

1

$492,000

7

11,788

Mt Pisa I & II

4633

$413,000

53

$2,066,000

5

435

Mt Rosa

1388

$155,556

53

$7,521,000

21

1265

Pukaki Downs

3722

$191,000

582

$4,665,000

4

156

Queensberry Hills

2905

$120,000

179

$7,347,500

20

99

Rhoboro Downs

4648

$55,000

127

$1,900,000

1

1264

Spotts Creek

3344

$282,600

3306

$2,030,000

1

7

Waiorau

2691

$191,000

4

$785,000

1

2765

Wentworth

3840

$351,111

3441

$5,547,000

14

18

Woodbine

338

$110,000

0.1

$100,000

1

3069

Ardgour

3719

$640,000

229

$1,466,000

6

37

Avalon

1352

$134,000

1341

$2,264,000

1

17

Ben Ohau

4375

$169,500

3695

$6,047,000

9

42

Blackstone Hill

2684

$175,000

1055

$129,000

1

2

Brookdale

1027

$106,000

1030

$2,000,000

1

19

Cairnmuir

4437

$141,000

4082

$5,334,000

13

41

Earnscleugh

16,410

$608,889

15,273

$1,624,000

7

3

Glencreagh-Camberleigh

922

$310,000

922

$1,751,000

2

6

Halwyn

3713

$124,444

623

$1,397,500

7

67

Mataura Valley

4322

$164,858

4357

$9,000,000

1

54

Omahau Downs

165

$31,000

6

$1,819,000

8

1697

Totals

101,752

$6,914,222

47,110

$135,741,400

178

 
  1. aLeasehold includes a lake view or lies within 10 km of Queenstown or Wanaka. bLeasehold neither includes a lake view nor lies within 10 km of Queenstown or Wanaka.
  2. Adapted from [Brower et al. 2011].