Newspaper Article 1979 – Land sells for $5060 an acre

Land sells for $5060 an acre

A block of 6.475 hectares (16 acres) of bare land in Percival Rd, Hastings, has sold for $81,000, or $5060 an acre, at an auction held on Friday.

It is understood it is the first time that bare land on the Heretaunga Plains has sold for more than $12,500 a hectare or $5000 an acre.

The land was auctioned by Wrightson NMA Ltd and sold on account of the estate of L. H. Hallet.

Most of the block, which is just off Evenden Rd, comprises Pakowhai silt loam with a smaller area of Hastings silt loam.

Original digital file

WakeC836_LandSells_030.jpg

Date published

13 August 1979

Format of the original

Newspaper article

People

  • L H Hallet

Accession number

836/1181/36427

Do you know something about this record?

Please note we cannot verify the accuracy of any information posted by the community.

Supporters and sponsors

We sincerely thank the following businesses and organisations for their support.