New RV’s out soon
The new RV’s (Rating Valuations) for Gisborne are due out on 10 December 2011. Effective from September 2011, they are meant to represent a snapshot of property values. RV’s replaced the old GV’s sometime ago. However RV’s do not purport to be an accurate assessment of market value. Land Mass Technologies (the company who did [...]
A smart retirement option
For many folk of retirement age, the option of going into Beetham, Ryman or another managed complex Gisborne is not an option they are seeking. Often a new home is not an option either, as the cost may be beyond the available resources. This property on 84 Ormond Road may prove to be the solution. Built [...]
Street smart
Looking at 108 Rutene Road, it is easy to see why it has caught your eye. The colonel style has a timeless appeal and when you step inside, the property continues to delight. Spacious, airy and with a sensible floor plan, the attraction grows. But the real benefits of living here will be the convenience of [...]
Gisborne Residential Property Report
An observation on the local market by Neil Walker – Principal L J Hooker Gisborne Number of Sales The number of properties that have sold is down from the peak of 2004 – 2005 with half of the number of annual sales. Over the past 18 months there have been between 90 – 110 sales per [...]
Big move in section sales
While houses sales in Gisborne for August were pretty much in line with previous months, there was a big increase in the number of sections sold. 33 residential homes sold (31 houses and 2 apartments) and 11 sections sold. The Sponge Bay subdivision posted 4 sales and the others were spread across the city. As [...]
23 Sales in July
There were only 23 residential homes sold in Gisborne during July 2011. That’s well down on the recent 30 to 35 of previous months. The highest sale price was $395,000 for a 4 bedroom home in Te Hapara. Normally we would expect to see a lot more higher sale prices than this. The lowest sale [...]
Quarterly results – good insights
Sales over the second quarter (April – June) were at the same number of the previous five quarters, around the 100 sales mark. Compared to the peak during 2006 / 2007 of double that, it seems that these levels of activity is the new norm. Median sale prices continue to be around the low to [...]
Busy week posts good results
Last week LJ Hooker Gisborne hosted six auctions. While the auction hammer only feel on one, there was a lot of buyer activity on most of the others. One sold after the auction and another is now under contract. The mortgagee sale was cancelled at the eleventh hour. Three bidders chased one property and two [...]
June sales low again
Despite a lift in sales volume during May, it was another month of low sales as June posts 30 sales for the month. Those were made up of 27 house sales, 1 apartment, 1 block of units and 1 section. The most affordable was in Kaiti ($95,000) and the most expensive was a property in Riverside [...]
