IN DEMAND
FARMS SELL WELL PRICES UP TO £70 PER ACRE In spite of the unsettled conditions created by the war,, the -de-» mand for farm properties in the Waikato has been greater in the last few months than for several years. Many properties have changed hands at firm prices but the chief difficulty land agents are experiencing is to find owners who are prepared to sell for a small deposit. The keenest demand exists for small farms, up to 80 acres and situated near towns. A number of these properties have changed hands at prices ranging from £40 to £00 an acre, while some buyers have even been prepared to pay as much as £70 an acre. As in the past, however, most owners are placing high deposits on their properties, and this prevents many sales being completed. The average buyer is not willing t.o pay more than £1000 as a deposit. Larger properties up to 600 acres, suitable for raising and fattening cattle and sheep, are also meeting with considerable inquiry. Usually, this -type of farm is not in keen demand till a good deal later in the year.
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Bibliographic details
Bay of Plenty Beacon, Volume 2, Issue 147, 15 April 1940, Page 8
Word Count
191IN DEMAND Bay of Plenty Beacon, Volume 2, Issue 147, 15 April 1940, Page 8
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