TRANSACTIONS IN LAND.

Manawatu Herald, Volume XLI, Issue 1984, 31 May 1919, Page 3

TRANSACTIONS IN LAND.

SOME BIG PRICES. During the past month or two a large number of farms in the ManaAvatu have changed hands, some at very high prices. A member of the legal fraternity at Feilding, asked by a reporter if (here Avas much doing in land business, said: “My firm is Avorking day and night to keep pace Avith the moA’emont.” Some of the sales that have recently taken place are: Mr W. T. JeAvell’s farm near Rangiofu lias been sold at from £BO to £B2 per acre. Mr Richmond, of Glen Oroua, has sold out at £7B per acre; and in the same district Mr E. Tallolt has scored the heavy price of £ll7 per acre. Messrs Liggins Bros., of Tokomaru, have purchased 1,200 acres at Kimbolton at £lB per acre. Mr E. Short has sold 500 acres of the Kopane estate at about £7O per acre to Mr L. T. McLean, who already has a considerable stake in the country. .

There has been numerous eluingos along; the Kiwitea (says (lie Rlar). Mr Frank Barrow sold 260 aeres at £54 ss, and Mr J. Kilgonr 255 aeres at £55 per aere. These purchases prove once more the failure of the Land Purchase Board to realise a good thing when they see ft. Some of the best land in the district noted for its good land was recently ottered to the Government (and to the State exclusively) for soldier settlement at £46 an acre, and to-day land of equal quality adjoining that is actually selling.uj) to £6O an acre. The 1,200-acre estate of Mr Levett’s is reported to have brought an average of £3B 10s per acre. And there is a report that Messrs Twigg and Hume, who bought 480 acres at the Levett sale, resold within a few days at £3 per acre increase on their bargain. In the Aorangi district a farm of 67 acres, which was purchased only seven years ago at £6O per acre, has just been sold at £llO, -and a neighbouring 50 acre farm also brought the same figure. . A farm of 2,300 acres between Fox ton and Levin has been sold at £l4 per acre.