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 [...]
Character homes sells under the hammer
Last weekend a character villa, 29 Graham Road, Inner Kaiti sold under the hammer for $290,500. Interest was strong over the 4 week marketing period and on auction day there were over 15 people gathered to participate and to view proceedings at the auction. While interest was shown by 4 or 5 parties, it came down [...]
Great auction at Wainui
46B Moana Road, Gisborne sold under the hammer today, well above the expected market value. It sold for $481,000. Three buyers were after the funky beach house on the Pacific Highway at Wainui Beach. Set back from the road with views overlooking the headlands at both ends of the beach, the property offered the new [...]
Relief Assistance for Leaky Homes
The recently announced assistance package for those who own leaky homes seems to have been received with a flurry of response, according to the NZ Herald. The government funded $1b package will only touch the tip of the iceberg as some believe the nationwide problem could be as much as $23b. That’s bigger than the entire [...]
Busy week posts good results
Last week LJ Hooker Gisborne hosted six auctions. While the auction hammer only feel on one, there was a lot of buyer activity on most of the others. One sold after the auction and another is now under contract. The mortgagee sale was cancelled at the eleventh hour. Three bidders chased one property and two [...]
