Record forecast prices for green kiwifruit have driven up horticulture property sales in the Western Bay of Plenty.
Tauranga PGG Wrightson Real Estate salesman Stan Robb says confidence in the industry is rebounding.
Values for well-located green kiwifruit orchards increased 30 per cent in the past six months and by 100 per cent since spring last year, he said.
"Even at the present benchmark price of $230,000 per canopy hectare, a 15 per cent return on investment appears achievable with a high-producing green kiwifruit orchard.
"Since Psa hit gold kiwifruit varieties harder, prices for those orchards are lagging, though these are now also on the rebound and by Christmas new variety gold orchards with a good crop on may command up to $300,000 per canopy hectare," Robb says.