AUSTRALIAN LAND VALUES.
The rise in the value of farming lands during the past few years has been remarkable, and the "retired farmer"is now frequently met with, not only as a resident of Adelaide and suburbs, but also of country towns. Fertilisers and good seasons are the usual explanations of the boom, and no doubt this view is correct, for there has been little, if any, increase, in the value of town properties, in spite of the increased demand ior dwelling houses. A few instances of the rise in country lands will be of interest. Hundred of Booyoolie, 600 acres, sold 30 years ago for £2 10s per acre, 15 years later for £4 7s 6d, and this year half the property nas been sold at £25 per acre. This very high price is due to the whole of the land growing fine crops of lucerne. In the same hundred 700 acres were sold twenty years ago for £2 ss, four years ago for £4 Is, and 18 months ago for £5 18s per acre. Farms on the Gulnare Plains have changed hands recently at £9 to £lO per acre, and about Laura and Jamestown at £7 to £B.
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Wairarapa Age, Volume XXXII, Issue 9552, 27 July 1909, Page 3
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199AUSTRALIAN LAND VALUES. Wairarapa Age, Volume XXXII, Issue 9552, 27 July 1909, Page 3
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