NZ Herald quarterly report

Today the NZ Herald published a 27 page  supplementary property report. Interestingly while it features most of the north island cities, there is no mention of Gisborne. Even Rotorua and Hastings are cited. I wonder why we are forgotten? However, at least QV have included us in their statistical report.

Tomorrow I shall post a report on how I see the local Gisborne property market. In the mean while, if you can get your hands on a copy of today’s NZ Herald, it makes interesting reading.

Below is an excerpt from one of the featured articles.

The residential property market is facing an uncertain year as the country strives to recover from the recession and investors react to the sector’s tax changes, the latest New Zealand Herald Property Report says.

Property writer Bruce Morris says in the liftout in today’s paper this year “could be the shocker” that property experts inaccurately predicted for last year.

The report contains comprehensive data from Quotable Value on average estimated values, median sale prices, and changes over preceding months and years for nearly 400 suburbs and localities in the North Island.

Article by Martin Johnston, NZ Herald