How are property values holding up?
While some parts of NZ are seeing real growth in property values, Gisborne like many smaller provincial cities are not seeing the flow on effect. So why is this? Three reasons stand out as contributing factors. Static population growth, a slump in economic performance and the onflow effect in terms of spending within the district are [...]
Slow auction day
Tuesday’s auctions at LJ Hooker Gisborne showed that buyers were not in a hurry to snap up some great property. Despite 4 properties being offered for sale, none sold under the hammer. “I was expecting more committed interest from those who had viewed the properties,” said agent Neil Walker who marketed 3 of the 4 [...]
Four auctions today
Four residential properties are being offered for sale by auction by LJ Hooker Gisborne today. All four are onsite auctions. 514 Palmerston Road is a brand new 2 bedroom home within walking distance to town. Auction time is 11.30am. 280 Kahutia Street, known as St Ives is a 1920′s two level villa near the city [...]
Auction Popularity Soars
Selling homes by auction is becoming more widely acceptable. In a recent article in the NZ Herald, the trend is for more sellers to offer their property for sale by way of public auction. In a sellers market (when it favours the sellers more than the buyers) it is easy to understand that the competition [...]
Auction Results 21 & 22 March
Six properties were offered for sale by auction this week at LJ Hooker Gisborne. All six were residential representing a cross section of available homes. There was a 50% success rate under the hammer. 18 Ruru Avenue sold for $265,300 after four bidders sought to own the low maintenance 3 bedroom home in Lytton West. [...]
Good Result in Grant Road
53 Grant Road in Whataupoko, Gisborne sold under the hammer after a handful of bidders showed their intent to own the property. The 1960′s split level four bedroom home was strongly contested for, before the auction hammer felt on a $443,000 final bid. Over 50 parties inspected the property during the four week marketing campaign. “The response has [...]
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 [...]
