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 [...]
Budget released – investors can now plan ahead
Now that the long awaited Budget has been released, investors can plan ahead with some degree of confidence. For some investors, they stand to be much worse off, but for the “Mum and Dad” investors who have a rental property or two, and are not heavily geared, then owning investment property remains a good wealth [...]
Customhouse Street villa sale sets new record
The recent sale of a Customhouse Street villa has set a new record. Selling for $925,000 at a whopping 42% above its rating valuation of $650,000 the sale has gone against the flow of all previous top end sales in Gisborne in 2010. Located in the inner city waterfront area, the 205 sq.m two level [...]
First Quarter Sales Gisborne
Sales volume is down for the first quarter and sale prices against valuation have varied considerably. Published here are the house and land sales for the first three months of 2010 for Gisborne City. For privacy reasons, the actual street addresses have not been shown. If you would like more information about actual sales in [...]
Slow start to first quarter
Despite a strong finish in residential house sales in 2009, the first quarter’s activity for 2010 shows a weakening property market, with fewer sales and a slight drop in median house sale prices in Gisborne. Just when there was signs of a strengthening recovery, there are now signs of easing confidence. Prices however are steady. [...]
Increase in Building Consents A Positive Sign
The increase in the number of building consents issued for the latest four month period is a positive sign of economic growth for the region. While the bulk of the consents have been industrial and commercial, the flow on effect for the local economy is welcomed. DESPITE a slowdown in the final four months of [...]
