NZ Herald quarterly report
Today the NZ Herald published a 27 page supplementary property report. Interestingly while it features most of the north island cities, there is no mention of Gisborne. Even Rotorua and Hastings are cited. I wonder why we are forgotten? However, at least QV have included us in their statistical report. Tomorrow I shall post a [...]
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 [...]
Gisborne’s flat market is not alone
While Gisborne has recently seen a fall in the volume of house sales, so too has the rest of the country. It looks as though the slow market is a nationwide phenomena. This article appeared in the NZ Herald this morning. I endorse Olly Newland’s comments. Uncertainty over next week’s Budget with its potential for [...]
It’s our anniversary!
Walker Real Estate has now achieved four years in business, has a great team and has strong market share! We are celebrating and we are growing too. Walker Property Management Ltd is now trading on it’s own. There is exciting growth ahead as two new property managers join our team in a week’s time. Watch [...]
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. [...]
Mortgagee Auctions Draw Strong Interest
Bargain hunters were able to buy waterfront property for less than half the price paid by the last owners at a mortgagee auction conducted by Hookers in Gisborne yesterday. One apartment in the popular Portside Hotel development went under the hammer for $90,000 and another, fronting the swimming pool and port, went for $104,000. Both [...]
