AUCKLAND'S PROSPERITY.

Dominion, Volume 3, Issue 927, 21 September 1910, Page 8

AUCKLAND'S PROSPERITY.

. • / v , .. t;-., v - -- : PROPERTY MARKET AS EVI:'(By Telegraph—Special Correspondent.) . . • • : Auckland, September 20. , : One marked sign, of the , great.: faith' that is reposed in -the continued .prosperity of Auckland , is to be found in the large number of properties in 'the city and suburbs ; .that;. are continually changing • hands :at prices in advance of those paid for the same properties', at previous, sales. . :. An inquiry from the office of .the City Valuer (Mr. E.. Hickling) shows that .during the. present year,, from: January, .1 -to .September B,'. there have, been .in the city alone no ; fewer/than' about '500 'changes .iiri . . ownership , of; proper- , tics.. Tho actual sales notified during the' period: mentioned : numbered , 472, and as a number'. of tlipnotifications embraced several properties,' . the: total number may. be. calculated .as : being well over 500.' The properties that :have changed hands' comprise all descrip-. tions, : and '. they range, in .value from: £200 to '£75,000. ;. The total capital value represented was'' £606,900, .'of which -sum.' £413,800: was. 'represented by., freehold: properties,.vwhil.e leaseholds accounted for the remaining. £193,100.. 1 . The';samo -activity . prevails;...also''fin regard! to the:suburbs' and country 'districts, as an inquiry at the Deeds Registration Office shows that the- business there : arising ".out:, of the transfer of properties keeps on increasing - steadily- ~ - i'V-'' A freehold property in Queen Street, opposite tho Town Hall; having a fronti age of 50ft. to Queen Street and. about j 20ft. to -Wakefield .Street; was sold by auction: yesterday. ; The property was sold , together with tho-, buildings upon it, which are occupied, by ' Messrs. Bridgman and Bridgman, 'drapers.' There was a large attehdaube . at the sale. 1 . The bidding started ,at £6000, and advanced .to :£8650, at /which, price: it was knocked down •to Messrs.' Bridg-' man. The price, apart • from.the build-, ings, 'is equal to £L 73 per foot.