"SOMEWHAT ERRATIC"

Poverty Bay Herald, Volume LXIII, Issue 19137, 5 October 1936, Page 10

"SOMEWHAT ERRATIC"

REAL ESTATE BUSINESS CONDITIONS IN DOMINION (For Tress Association.) WELLINGTON, last night. "During the past U! m,onths conditions in the reril estatci business have boon somewhat erratic," stated the reporl of: I lie chairman, Mr. I!. P. McCrncken, to the annual meeting of the Kcal Estate Institute of New Zealand. "There has been general activity recently in sales of farming properties in country districts and values seem Jinn, no doubt occasioned by the introduction of the guaranteed price policy of the Government. City business has fluctuated very much and has been very quid during the last,' few months. "Probably many who normally would he buying sections to build upon ha*-e been Availing to see what | the Government's policy in this direction will be and are also hoping to take advantage of cheap loans from the State Advances Corporation. It is to be hoped the position will be clarified soon, confidence restored and that normal condition,-; will obtain^

again as the most satisfactory period for all is one wh'ero there arc steady trading results, rather than alternative periods of slum]) and boom."