SYDNEY PROPERTY.
HUGE PRICES PAID. SYDNEY, August 26. It is estimated that, with the sale, a day or two ago, of property at the corner of Martin place and Pitt street for £250,000, which works out at £2500 a foot, city property sales this year run well into £2,500,000. As the aggregate city sales for the whole of last year total £2,720,932, this year’s total, taking the present figures as -a basis, ought to be even bigger. Of the cRy property that has changed hands this year no less than £600,000 worth has passed into the hands of theatrical interests. Although the city property market tas been unusually active this year, the £2500 a foot paid for th© property at the corner of Martin place and Pitt street constitutes the highest average for 1926.
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Bibliographic details
Otago Witness, Issue 3782, 7 September 1926, Page 28
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134SYDNEY PROPERTY. Otago Witness, Issue 3782, 7 September 1926, Page 28
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