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 [...]
Slow auction day
Tuesday’s auctions at LJ Hooker Gisborne showed that buyers were not in a hurry to snap up some great property. Despite 4 properties being offered for sale, none sold under the hammer. “I was expecting more committed interest from those who had viewed the properties,” said agent Neil Walker who marketed 3 of the 4 [...]
Four auctions today
Four residential properties are being offered for sale by auction by LJ Hooker Gisborne today. All four are onsite auctions. 514 Palmerston Road is a brand new 2 bedroom home within walking distance to town. Auction time is 11.30am. 280 Kahutia Street, known as St Ives is a 1920′s two level villa near the city [...]
A little beauty – yours next week
Here’s a home that will bring a smile to your face. 106 Iranui Road, Inner Kaiti Gisborne is a little charmer. It’s full of character and cool features and it is genuinely for sale. The owners are on transfer and are reluctantly offering their much loved home up for sale. Located in a great spot, [...]
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 [...]
Market recovery on the way
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 7 [...]
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 [...]
St Ives: Today’s living in old world charm
280 Kahutia Street, Inner City Gisborne is a special property. Give yourself plenty of time to explore as this is a large home (260 sq m) with lots of extras including 3 living areas, modern kitchen, and games room. Magnificent heart rimu joinery is a special feature, as are the beautiful leadlight windows. Take a close [...]
