WAIKATO FARMS AND HOUSES.
Land agents in Hamilton record decreases in sales of as much as 10 per cent compared with business last, year. Government mortgage legislation has had a retarding effect on farm transactions, they say, as vendors, fearing that when they have agreed to sell the Government would step in and reduce the value of the property, are asking for much higher deposits than buyers are able to give. The average buyer offers £5OO or £BOO, only to find that a deposit of £2OOO is asked for. Dairy and sheep farms are affected in this way. An agent who specialises in town properties said that houses and unoccupied sections were selling freely. Owing to the general housing shortage great difficulty was being experienced by tenants whose homes had been sold in finding other places in which to live.
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Taranaki Central Press, Volume IV, Issue 462, 2 July 1937, Page 4
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140WAIKATO FARMS AND HOUSES. Taranaki Central Press, Volume IV, Issue 462, 2 July 1937, Page 4
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