Building in Dunedin.
Several causes are operating just now in the direction of limiting the building of ordinary-sized dwellings in and about Dunedin. Chief of these, probably, is a feeling that the proposals and the resolutions of the Government and corporations to erect cottages may lead to the possibility of getting residences at something below the current cost of buildings. Another retarding influence is the state of the money market. Lenders ask for bigger margins on securities than they were formerly satisfied with, and second mortgages are not easy to get. In these circumstances the building of dwellings “ on spec ” is not now brisk.
F. E. Greenish, A.8.1.8.A., Wellington. Reproduced from "Commonsense Homes for New Zealanders.
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https://paperspast.natlib.govt.nz/periodicals/P19201201.2.9
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Progress, Volume XVI, Issue 4, 1 December 1920, Page 81
Word Count
116Building in Dunedin. Progress, Volume XVI, Issue 4, 1 December 1920, Page 81
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