Half yearly report – low sales
With reported June sales now coming through, the six monthly sales activity for residential property in Gisborne City show we are still in a low activity phase of the cycle. Low sales volumes, but stable prices. That is the picture. Buyers are often slow to commit, showing no apparent urgency to take advantage of the [...]
Perfect for your family
This renovated property in Sunvale Crescent is perfect for a family that requires extra living space. The games room is huge, offering a perfect solution to the extra living room requirement. The inground pool will be a great spot for family and friends to share those coming summer days with. The owners are on transfer [...]
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 [...]
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. [...]
First Quarter House Sales Drop
The first three months of 2010 saw a drop in the number of house sales in Gisborne NZ. A little over 100 house sales were reported for the first quarter in the city, thats a drop of 18% on the previous quarter. Investors are holding back on buying low end properties which resulted in the [...]
