LAND IN SYDNEY
SYDNEY, July 1. The time appdirs to he fast approaching when one will need to he something of a millionaire to buy property in the city of Sydney. For a paltry 16ft fJin of Pitt street, a few daA’s ago. £33,500 was paid at auction, and, what is more, .the purchaser considered himself lucky especially as he was desirous of securing a position not without <an important bearing on his own business. This price of £2OOO a foot, while it is claimed to lie a record for Pitt street, is not a record for Sydney, for in 1924 £2300 a foot was paid for property in George street. Air George Judah Cohen, one of Sydney’s biggest men in finance and commerce, remembers the day when land changed hands in George street, within coo-ee of the Post Office, at £lO a foot. The precious 16ft in Pitt street which brought £33.500 are occupied by a pharmacy of two storeys. ■ ,
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Hokitika Guardian, 12 July 1926, Page 2
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161LAND IN SYDNEY Hokitika Guardian, 12 July 1926, Page 2
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