FARMS IN DEMAND

Poverty Bay Herald, Volume LXIII, Issue 18992, 17 April 1936, Page 3

FARMS IN DEMAND

MANY WAIKATO SALES MORE BUYERS THAN SELLERS LARUE SUMS CHANG'IJ HANDS Active inquiry continues for \\uikntu farm lands and sales are made almost every day at satisfactory figures, states a Hamilton correspondent. Southern buyers have been particularly eager to secure suitable properties and cash deposits ranging from £BOO to £2OOO are freely offered. Developed properties are being sold :is going concerns at about £45 an acre. There are more buyers than sellers, and the problem'facing agents is to find suitable properties for those requiring them. Men with considerable capital at their disposal .from all parts of the North Island are coming into the Waikato as prospective purchasers, and large sums of money have changed hands. '

A Poilding buyer recently purchased the 2000-acrc farm of Mr. L. Guest, of Uotowaro, the deal involving an outlay of £IO,OOO. .Mr. M. Lange's fa nil'of :?St) acres at Patetere was sold in the estate of the late Mr. S. J. lilake, of Whangarei. while netweon £7OOO and .ESOOij was paid by a fetid ing buyer for Messrs, Grimshaw and [.'ogerson's property of 200 acres at V,. T'kti.

Ah. O. McCulloch, of W'hakataue, has purchased Mr. W. Tudhope's 120:.civ properly at Mot umaoho. Mr. I!. Gobbe, formerly 'manager of the ( hafeau, has bought Mr. A. I* 1 , deinett's ■ISO-acre farm at To Anau, the pavilion! of £SOOO in cash being involved. Mr. \i. Kckert. of To .Violin, has sold his IPO-aero farm to a Stratford purchaser, while Mr. W. Galbrailh's property o\' :'.ll acres at

Xgoiigotaha, has been disposed of to a resident of Shannon. Mr. 11. Saunders, of Hamilton, has taken over the farm of Mr. G. W. rtiehards at Te Akau. There has been a good deal of : ciivity in the Cambridge district. ;;ml sales have taken place at Tanwhai'o, Mataugi and rTinucrn Valley. Prices have ranged up to £SO an acre for Cambridge hind. One linn of land agents has revived over 100 inquiries for farms ■ luce Christmas, and tin advertisement respecting one farm it had for sale •esulted in .';:> replies being received. Land agents state that there is iiieufv of money available, and al'hough the effect of the Government's proposals for the agricultural industry annot yet be known, genuine buyers . iv not wanting when suitable areas ■■iv on the market. ....