LJ Hooker buys Harveys
LJ Hooker, the Australian real estate franchise has purchased Harveys, a smaller kiwi real estate franchise. Today’s NZ Herald article has the full story. Harveys Gisborne and Walker Real Estate (an independent non franchise company) have recently formed an alliance, with each company specialising in their respective markets. Harveys are commercial and rural specialists, Walker [...]
Seems like we are in the back waters
Last week I was over in Sydney visiting family and I couldn’t help making the comparisons between Gisborne, our little spot on the East Coast of NZ and the bustling vibe of the Australian super city. They are worlds apart, like chalk and cheese really. One is active, prosperous, vibrant while the other is sleepy hollow. [...]
Multiplex fund sheds value
One of New Zealand’s largest real estate funds has shed value. The Sydney-managed Multiplex New Zealand Property Fund owned property valued at $701.9 million in June but this week it declared that had now shrunk to $655.4 million. Leon Boyatzis, fund manager of Brookfield Multiplex in Australia, said a $21 million Wiri property had been [...]
Year End Sales Finish Strongly
December sales activity in the Gisborne residential property market finished on a high note pushing the quarterly total above the anticipated level. While October posted 42 sales and November only 34, December bounced back with 48 reported houses being sold in Gisborne. That pushed the 4th quarter up to a total of 124 sales, coming [...]
Real Estate Market Sales Update September Quarter
The number of confirmed sales in Gisborne city for the September quarter was down on the June quarter by 26%. In terms of numbers, when we make the comparisons with sales over the past four years, the total of 115 sales is definitely low. The recovery that we were looking to experience from the difficult [...]
