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Research, Policy and Practice

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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].