Masterton (Māori: Whakaoriori), a large town in the Greater Wellington Region of New Zealand, operates as the seat of the Masterton District (a territorial authority or local-government district). It is the largest town in the Wairarapa, a region separated from Wellington by the Rimutaka ranges. It stands on the Ruamahanga River - 100 kilometres north-east of Wellington and 39.4 kilometres south of Eketahuna. Masterton has an urban population of 21,400, and district population of 27,500 (June 2020).Masterton businesses include services for surrounding farmers. Three new industrial parks are being developed in Waingawa, Solway and Upper Plain. The town functions as the headquarters of the annual Golden Shears sheep-shearing competition.

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Real estate is "property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general. Also: the business of real estate; the profession of buying, selling, or renting land, buildings or housing." It is a legal term used in jurisdictions whose legal system is derived from English common law, such as India, the United Kingdom, United States, Canada, Pakistan, Australia, and New Zealand.

Source: https://en.wikipedia.org/