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 [...]
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 [...]
New RV’s released
The new rating valuations for Gisborne have been released. You can find them online by searching for a particular property at the GDC website. There is also a lot of good support material available about the subject. Interestingly the first thing I did was to go online and find out what my property’s RV was. [...]
NZ Herald Property Report
Recently the New Zealand Herald published their Quarterly Housing Report. I have managed to get my hands on a digital copy NZH Property Report. If you weren’t able to get a hard copy, then download this report. It makes good holiday reading. The thing to remember is this; the data comes from Quotable Value (QV) and [...]
Strong auction results
3 out of 5 properties sold in the auction rooms at LJ Hooker Gisborne yesterday. 2 were rural properties (12a Makarika School Road, Ruatoria and 2446 Waingake Road, Manutuke) the third was a community housing project in Ranfurly Street, Gisborne. On Wednesday’s auctions, the 2 residential properties (19 Buchanan Street and 84 Ormond Road) both [...]
New RV’s out soon
The new RV’s (Rating Valuations) for Gisborne are due out on 10 December 2011. Effective from September 2011, they are meant to represent a snapshot of property values. RV’s replaced the old GV’s sometime ago. However RV’s do not purport to be an accurate assessment of market value. Land Mass Technologies (the company who did [...]
Spirited bidding at 2 auctions
Two residential properties were keenly sought after recently. 763 Gladstone Road, Te Hapara and 20 Mill Road, Te Hapara both sold under the hammer (on separate occasions). Both properties drew good responses and multiple bids were place on each of them. 763 Gladstone Road is best described as a 3 plus bedroom 1960′s bungalow. Located adjacent [...]
Douglas Street property passed in
The property at 13 Douglas Street, Wainui Beach, Gisborne was passed in at auction recently after interest from buyers did not reach the owners’ reserve price. The 1990′s four bedroom, three bathroom, double garage, family home is now for sale in the mid $500,000 range. The most recent Rating Valuation is $620,000. While set a block back from [...]
Good auction results
This week LJ Hooker Gisborne had 2 residential homes up for auction. Both sold. 51 Ormond Road, Gisborne sold prior to auction for above $210,000 and 87 De Lautour Road, Gisborne sold shortly after auction for above the $110,000 that it was passed in for. While both properties drew limited interest, the owners in both [...]
