How are property values holding up?
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 are [...]
Mortgagee sale – investment opportunity
Apartment 119 at Portside Hotel Gisborne is being offered for sale under mortgagee instructions. The ground floor studio apartment is leased to Portside Hotel and is used by guests on a short stay basis. Located close to the centre of Gisborne City and near Waikanae Beach, Portside Hotel enjoys good patronage. Details of the sale can [...]
Auction Popularity Soars
Selling homes by auction is becoming more widely acceptable. In a recent article in the NZ Herald, the trend is for more sellers to offer their property for sale by way of public auction. In a sellers market (when it favours the sellers more than the buyers) it is easy to understand that the competition [...]
Strong Lift in March Sales
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 are [...]
Steady Sales in January
There were 27 houses and 2 sections sold in Gisborne in January 2012. That is about the same monthly level for sales during 2011, where the average monthly total was 30 house sales. The highest sale was a beachfront property at Wainui Beach that sold for $1,050,000 and the lowest sale was a property in [...]
Lockwood now priced at $325,000
Following on from the auction held recently, 3 Manners Court now has an asking price of $325,000. The 3 bedroom Lockwood home is located in a quiet cul-de-sac in Whataupoko, a short walking distance from town. Manners Court is near the river end of Russell Street and is home to only 5 residences. The property [...]
3 out of 4 auctions sold
It was a good day for sales at LJ Hooker Gisborne when 3 out of 4 residential properties sold under the hammer. 5 Elsdon Best Street, Riverdale was offered for sale under mortgagee instructions. The property drew a positive response during the marketing programme with over 30 buyer inspections. It came down to 3 active [...]
Market Trends – the big picture
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 monthly [...]
53 Grant Road
Every now and then a great riverbank property comes to the market. 53 Grant Road is one of these. Set in one of Gisborne’s finest streets, this 1960′s residence is a special home. Renovation will be an exciting proposition as the classic style and character of the era could easily be enhanced. Complete with its [...]
8 Sirrah St Wainui Beach
It doesn’t get much better than this! Overlooking Wainui Beach, Gisborne this modern contemporary family home is an outstanding property. 8 Sirrah Street offers the best of care free coastal living. Sunrises and sets will be yours to enjoy every day. What a great place to call your next home. Selling by Auction on 15 February, [...]
