BUYING OF FARMS

Taranaki Central Press, Volume IV, Issue 462, 2 July 1937, Page 7

BUYING OF FARMS

IDEAS OF VALUE VARY Fair Amount Of Activity In Auckland Province Auckland, July 1. Although considerable discrepancy between prices asked by buyers, and sellers is staled to exist, a fair amount of activity continues to be experienced in the sale of farms. Few large dev Is have been reported, but although the main season for transactions has passed, land 1 and station • gents report a fair measure of business in the disposal of smaller properties. “In many cases the views of buyers and sellers do not coincide, and the deposits that are asked are heavier thi.-n is necessary to provide a safe balance for mortgage commitments,” ths principal of one firm said. “There is still a demand for farms the smeller type which do iiol entail the employment of H hour, but a number of sales are hiaCier' d by the margin which exists between buyers and sellers’ views.” Another stock and station agent said that the present- demand seemed almost confined to dairying properties of between 50 and 100 acres and to land for fat-lamb raising, from 200 to 500 -acres. Inquiries were mostly for fully-improved land in the Waikato and sections in North Auckland ,’id the King Country wsrd not so keenly sought. When higher values had commenced to rule for stock buyers had shown hesitancy in entering the market, but when the high u. tes were maintained more confidence in the real estate market was expertnced .