THE HOUSE MARKET
POSITION IN WELLINGTON “If I were given 30 houses or flats now, I could find' tenants for them within two or . three -hours," said- a Wellington land and estate agent, referring: to the state of the house market. am very much afraid this is going to be a chronic state of affairs, he-continued, “as-there is now next to no private building taking place, and Government housing has come to an end for the time being as far as Wellington- is concerned. With - the restrictions placed' on -rents, there is .little - or no inducement for people with capital to build houses. - The .speculative builder has been out* speculated by the Government in the suburbs,- and that is the only place there is any land left' on-Which to build ••* VThere has been a big rush of people to settle in Wellington during the last two or three years because of (lie expansion of Government departments. * •Many have been hard'nut to it to secure a roof over their heads. Further still, the Government has contributed towards the problem by taking over houses and other buildings'which- formerly- provided places of accommodation for hufrdreds of people.": . T : . ‘ "
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Gisborne Herald, Volume LXIX, Issue 20876, 31 August 1942, Page 5
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195THE HOUSE MARKET Gisborne Herald, Volume LXIX, Issue 20876, 31 August 1942, Page 5
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