Walker Real Estate rebrands
Walker Real Estate has rebranded to LJ Hooker Gisborne. Six months ago Walker and Harveys Gisborne joined forces and have been operating under the two brands out of 66 Reads Quay. Now the final stage of the merger is complete and the two companies have become one – LJ Hooker Gisborne. The merger makes LJ [...]
Real Estate snapshot from around NZ
Every month Tony Alexander from the BNZ surveys businesses throughout New Zealand and seeks their comments on the economy and in particular, activity in their respective industries. A number of real estate agents participate in the survey. Their comments are posted raw, unabridged and are in no particular oder. Together they provide a mosaic snapshot [...]
2010 – Year in Review
The final number of property sales for Gisborne have now been released and they paint an interesting picture. While 2010 was a year of low sales, it was pleasing to see that market prices were in fact stable. Sales volumes were down. It was the lowest number of reported of sales of the new millenium, but [...]
Good interest on beachfront property
It was pleasing to see a good result at last week’s auction with 46 Murphy Road selling under the hammer for $782,000. The property was marketed by Greg Robinson of Bayleys Gisborne. Over the past 12 months beachfront homes have not been selling strongly (only three sales) with prices well back from the peak of [...]
Affordable Homes in Gisborne
The recently released Roost Home Affordability Report stated that Gisborne is now the second most affordable place (after Invercargill) to own a home in New Zealand. Now in my mind that’s great news. It means more first home buyers can actually get onto the property ladder, potentially creating a better lifestyle and beginning their future wealth [...]
Real Estate Runs in Cycles
When markets are down and activity is slow it is good to remember that real estate runs in cycles. Slump markets are followed by recovery and then onto boom markets. Then boom eases to slump and so the cycle continues. But when we are in a particular phase it is often difficult for us to [...]
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. [...]
A sad day today- we are selling 3 properties
Normally I would be excited by the prospect of selling three properties at auction. But that is not the case today. The three investment properties are mortgagee sales, all owned by one client. The young couple who bought them only a few years ago had a dream of securing their financial freedom, a vision of [...]
The right time to buy
A recent survey conducted on the affordability of buying a home concluded that now is a great time to buy property. While it didn’t mention Gisborne specifically (due to our small size, most national surveys don’t) our region offers excellent opportunities to those looking to get into the housing market. Below is the article from [...]
Market Update – May sales low
May confirmed another month of low house sales in Gisborne City. The 32 residential sales that were recorded for May are similar to previous months which have averaged 35 sales for each of the five months this year. These low volumes signal we are continuing to be in a buyer’s phase of the real estate [...]
