FARMS CHANGE HANDS

Poverty Bay Herald, Volume LV, Issue 17146, 31 December 1929, Page 10

FARMS CHANGE HANDS

DEMAND IK WAIKATQ SATISFACTORY OUTLOOK There has been more activity in the land market in South .Auckland during! the past 12 months than for some i years. Many small dairy .farms have j been sold, and there remains much j inquiry for holdings in the region of 100 acres, already broken in, and run-! ning as going concerns. Where the price could be shown to be based on production capacity, and not inflated,! there has been a fairly ready sale.: Enough of these farms has not been offering, as owners of .such properties' have come to realise the advantages of. working their properties, instead of. merely holding them in anticipation of. a rise in values. Present values ai'Cj considered sound, but one prominent j leader in real estate asserts that there is a danger, if butter-fat prices remain reasonably steady, that slight inflation of land values might, occur. Within the past few weeks four excellent dairy farms that comprised portion of the To Riinii estate, near Morrinsville, and which were offered to the Government, were sold for cash. Three went to well-known fanners in the Morrinsville district, and another to a buyer from Dunediu. The latter farm was turned over at a profit of £3OOO within a month of purchase.