3 out of 4 auctions sold
It was a good day for sales at LJ Hooker Gisborne when 3 out of 4 residential properties sold under the hammer. 5 Elsdon Best Street, Riverdale was offered for sale under mortgagee instructions. The property drew a positive response during the marketing programme with over 30 buyer inspections. It came down to 3 active [...]
Market Trends – the big picture
The market trend for house prices in Gisborne is they are falling, but not by much. Sales over the past 11 years show that the market peaked in 2007 and since then prices have remained slightly below that level. Often the monthly results can show a spike, however due to the small amount of monthly [...]
53 Grant Road
Every now and then a great riverbank property comes to the market. 53 Grant Road is one of these. Set in one of Gisborne’s finest streets, this 1960′s residence is a special home. Renovation will be an exciting proposition as the classic style and character of the era could easily be enhanced. Complete with its [...]
8 Sirrah St Wainui Beach
It doesn’t get much better than this! Overlooking Wainui Beach, Gisborne this modern contemporary family home is an outstanding property. 8 Sirrah Street offers the best of care free coastal living. Sunrises and sets will be yours to enjoy every day. What a great place to call your next home. Selling by Auction on 15 February, [...]
New RV’s accurate?
The new Rating Valuations (2011) are out for residential property in Gisborne. They are back dated 1 July 2011. Despite the clear disclaimers from the Council and Land Mass Technologies that Rating Valuations are not accurate market valuations, we still tend to reference our property against its RV. However upon closer inspection, it is clear [...]
Property prices 2011
Gisborne’s property values dropped by 2.8% during 2011. Nationally average values rose by 2.4%. Those increases were in the main centres and in some provincial cities. Both Tauranga and Hamilton’s values were flat. Gisborne was not alone in falling values. For the full report visit the QV website. (Quotable Value New Zealand). QV gathers its data from completed [...]
Finger on the pulse
As the year comes to an end, it seems there is an increase in sales activity in the residential property market in Gisborne. A few agencies are reporting more sales, however the auction clearance rates are showing a mixed bag of results. LJ Hooker Gisborne has posted 11 residential sales for December, following on from [...]
Ballance Street auction sells
124 Ballance Street, Gisborne sold under the hammer at auction yesterday for $335,000. There was good interest shown in the property throughout the 4 week marketing campaign with over 25 inspections and on auction day 3 buyers bid. “I knew there was going to be keen interest to own the property,” said marketing agent Neil [...]
Sales with new RV’s applied
It’s interesting to see how the new rating valuations compare against the most recent sales. The result; still all over the place really. The variation for October and November sales still swings from 58% below to 26% above. But that’s to be expected really. After all rating valuations are not made for the purpose of [...]
Childers Road bungalow now $232,000
The owners of 802 Childers Road Gisborne have decided to let their investment property go, well below what they were hoping to get. They have dropped their asking price by over $20,000 and are now asking $232,000. The three bedroom stucco bungalow offers great outdoor living, a massive double garage and workshop, all in very [...]
