In marked contrast to the slump in residential property which is reported to exist in Auckland and Christchurch and many towns of the Dominion, there is a keen demand for house building sites in the favoured parts of Wellington. This was shown in the rapid sale of and the good prices realised for the Waiteata Estate subdivision on Mackenzie terrace. The 15 sections, which ranged from 18 perches to nearly 24 perches, with resects from £5OO up to £1025, were offeMa, and six were sold at prices ranging from £755 up .to £9OO. Since then seven other sections have been sold. The total amount realised for the 13 sites disposed of, which aggregate slightly under an acre and three-quarters, is £11,055.
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Otago Witness, Issue 3818, 17 May 1927, Page 5
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121Untitled Otago Witness, Issue 3818, 17 May 1927, Page 5
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