A quarter-acre section in the borough of Blenheim changed hands the other day for fifty shillings (says the "Express"). True, it is riot much of a section, requiring a great deal of filling in, but'the figure probably sets a new low-water mark for such transactions in any part of- New Zealand. The costs incidental to tho transfer would run out at about £3 15s, and the annual rates at the present time are at least 50 per cent, in advance of the new enpital value of the section. The new owner will probably be applying for a revaluation, out his bargain is hardly likely to affect the neighbourhood values much, as they are well established at between £BO and £IOO per quarter acre, unimproved.
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Press, Volume LXVI, Issue 20038, 20 September 1930, Page 4
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124Untitled Press, Volume LXVI, Issue 20038, 20 September 1930, Page 4
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