SPECULATION IN LAND.

Taihape Daily Times, 5 August 1919, Page 2

SPECULATION IN LAND.

SOME BIG PROFITS Land speculation is the most pl-0-fitable business of this country, and the Waikato is the happy hunting ground of the speculator. One dairy farmer from :21. northern district, purchased a farm in the \Vaikatvo at £4O an acre, sold it for £6B, and now‘ after holding 16 farms in a little over two years, is worth over £40,000. But W;a.ika.to ds3il'y farm values have shown in general increases in values llnrg. corded in this country. In one case a xnzm who bought at £6 10/ an acre five years ago has refused to sell at £35 an here. Here is J\anoth'er instance), a property which 15 years ‘ago sold at £3 3/ an acre is now worth £6-3—a price the owner recently refused. One fine Waikato dairy farm was recently sold, with possession in August, and while the new owner was waiting for possession he turned it over ;at as profit of £7OOO. Dried milk ha been responsible for some of the phenomenal increases of \Vaikato dairying land, and fortunes which have come“-’£o -the lucky farmer speculators, but the climate is a great factor in the relatively high values, even if the top-dressing cost is greater ‘than more southerly