FARM PROPERTY DEALS

Poverty Bay Herald, Volume LX, Issue 18180, 30 August 1933, Page 11

FARM PROPERTY DEALS

ACTIVITY IN HAWKE’S BAY

A number of property deals of note have taken place in Central Hawke’s Bay recently. fn conversation with a Central .Hawke’s Bay buyer, a Hawke’s Bay Herald representative was informed that there wag a definite upward trend in the land market, a more optimistic tone prevailed, and this, together with a noticeable spirit of competition, has. brought about a revival of land buying Another factor, in fact tho dominant note in th«, whole proceedings, was an influx of new eupital into Hawke’s J3ay generally. This new spirit of optimism and confidence is further enhanced by the brighter outlook of the wool market. At Ornakcre receutly a land transaction of some proportions was recorded, the sum involved being about £35,000. In the Gwavas district a block of approximately 3190 acres was sold at a price in tho vicinity of £30,000, and on this block buildings, dwellings, etc., are t) be erected. Argyle, too, has had its share of deals lately, two farm properties of 800 and 500 acres respectively changing Hands. At Otane a farm of 96 acres was recently disposed of, while some 800 acres of farming land constituted a sale at Wanstoad.