Sales by Suburb
Tweet Here is the complete list of every property sale in Gisborne City made through real estate agents. The period covered are the first three months of the year, ending 31 March 2013. The data is presented on a suburb by suburb basis and includes key property details like how the sales compared against the [...]
Interest rates improve affordability
Tweet With the recently announced falling interest rates for property mortgages, the already high affordability of homes in Gisborne just got even better. Home ownership is increasingly becoming more attractive. For first home buyers low interest rates means lower weekly repayments and with the strong availability of funding offered by banks only a low deposit [...]
How are property values holding up?
Tweet 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 [...]
Market recovery on the way
Tweet The sales activity for the first quarter 2012 show a 15% increase in the number of houses sold in Gisborne. After a sustained period of fewer sales during the past 18 months, the indicators are pointing towards recovery. While the number of sales are well off the high volumes that we saw 5 to [...]
Strong Lift in March Sales
Tweet There was a significant lift in the number of houses sold in Gisborne during March 2012, up to 46 sales. This is the highest level of monthly sales activity since 2 years ago and it was not just a recovery spike following on from a previously weaker month. Sales activity is up. More houses [...]
Auction Results 21 & 22 March
Tweet 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 [...]
Market Trends – the big picture
Tweet 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 [...]
Big move in section sales
Tweet While houses sales in Gisborne for August were pretty much in line with previous months, there was a big increase in the number of sections sold. 33 residential homes sold (31 houses and 2 apartments) and 11 sections sold. The Sponge Bay subdivision posted 4 sales and the others were spread across the city. [...]
Quarterly results – good insights
Tweet Sales over the second quarter (April – June) were at the same number of the previous five quarters, around the 100 sales mark. Compared to the peak during 2006 / 2007 of double that, it seems that these levels of activity is the new norm. Median sale prices continue to be around the low [...]
June sales low again
Tweet Despite a lift in sales volume during May, it was another month of low sales as June posts 30 sales for the month. Those were made up of 27 house sales, 1 apartment, 1 block of units and 1 section. The most affordable was in Kaiti ($95,000) and the most expensive was a property in [...]
