Page:Municipal Handbook of Auckland 1922.djvu/210

 As an indication of the real estate market during the last twelve months (November 1st, 1920, until October 31st, 1921) no less than 2,927 letters were received from solicitors and others notifying sales of properties.

Appended is a table showing, for the last decade, the increase in the valuations for the City of Auckland. A portion of the increase is accounted for by the merging of outside districts.

The ratable value per acre, in 1913, prior to the era of amalgamation, was, for the City of Auckland, £389. This has gradually been reduced by the amalgamation of various suburban districts, and at the present time the ratable value per acre is £154; but as building operations progress this will rise in proportion. At the present date, the ratable value of the City, omitting the amalgamated areas, 1s £553 per acre.

In 1913 the following comparison was made, viz:—

Another interesting fact is that practically 16% of the ratable value pertains to Queen Street alone. P. F. NOTLEY, City Valuer.