THE PROPERTY MAR[?]

Rotorua Morning Post, Volume 2, Issue 400, 8 December 1932, Page 4

THE PROPERTY MAR[?]

BftlGHTER TONE N0] GOOD DEMAND FOR SMAi DAIRY FARMING LANDS more houses needefi There is a distinct f orward icj the property market accordingj. torua land agents at the present The demand for small and j:, sized dairy farms is brisk and[i ies are being received. daily, During the p-ast few weeks ^ has disposed of three farms as prices have been s-atisf actory, t case a 50 acre farm changed b> a price round about £25 per act; a substantial deposit. A second of one hundred odd acres founl owned at about £17_per acre al? a solid deposit. In 'another case about 300 acr sold for cash at £22 10s per ; appears that tliere is plenty o{» available providing vendors aa pared to meat huyers in the g of price, the huyers refnsing any business unless it can hi that the figure enahles the working of the place at presg hutterfat prices. The bulk of t quiries come from outside the! district -of Rotorua, several e from the Bay of Plenty. The House Market House properties in Rotoiti also in good demand but buye firm in their offers of about J per eent. off the prices paidii when the market was good. jj cases sellers are meeting the: business is resulting. A hefe dication is the fact th'at a hoes three-quarters of an acre nei lake was transferred the otle the transaction being a cash c Small Houses Wanted There is a very strong dear smaller houses, those of three, and five rooms heing muchi quest. One firm which has it survey of th'e town states that is a very definite need for at 150 more small houses. Rofe contends, is- one of the few to? the Dominion which is aetually I bnilt and not only small hotsB flats either furnished or unfnrJ are in constant demand. « Renting Position The renting position, accorl another firm, is quite brisk. H lessened spending power of the earners there has been a tigl: of the purse strings and rents of the things upon which ea: have been turned. This hasi that the tenants have cast aro; smaller and cheaper houses ai: ; in turn h'as stimulated the demr ' four-roomed houses. Tenants / asking for more space for gai; since another economy practisft! home growing of vegetalls there has been a big slide fe the insistence upon cheaper i laccommodation is claimed hy tically everyone engaged in the ing business. Note Of Optimism One firm states that the tone: property market generally tb out the district is- very health; although no boom is at all like: even desired, the demand is so? and so strong that the fut:P hrighter than for a long timefl