PROPERTY MARKET.
Activity and Optimism in Dunedin. (Special to the “ Star.”) DUNEDIN, This Day. The Dunedin business market is improving. New houses are being erected in all suburbs, properties for leasing are in keen demand and mortgage money is circulating with a freedom not. experienced for several years. Optimism is most noticeably reflected in the property market, for a feature of estate work in the past month has been the assessment of values for solicitors for mortgage purposes. This is only one of many indications to-day of the tone of the mortgage market and it is evident that the lower rates of interest offered are now being accepted, though first-class security is still demanded. There is a greater amount of money available for satisfactory mortgage investment, For city mortgages the average rates of interest are and 5 per cent.
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https://paperspast.natlib.govt.nz/newspapers/TS19341205.2.129.8
Bibliographic details
Star (Christchurch), Volume LXVI, Issue 20480, 5 December 1934, Page 9
Word Count
139PROPERTY MARKET. Star (Christchurch), Volume LXVI, Issue 20480, 5 December 1934, Page 9
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