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 [...]
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 [...]
New retirement village will have a huge impact on housing market
Ryman Healthcare’s new retirement village will have a huge impact on the local housing market. Not only will the $60m project inject welcome cash into the local economy, but it will also create a flow on effect in the housing sector as many folk move houses. Unlike a new factory or processing plant, Ryman’s end [...]
Costly House Sale Dispute Continues
A high-profile legal scrap over the sale of a clifftop Auckland house is headed for the Supreme Court in an attempt to end a dispute which started four years ago. In 2004, the family trust of Mark Moncrieff Stevens and Deborah Ruth Stevens sold their house at 23D Beach Rd in Castor Bay to a [...]
What is my house worth?
When I am talking with owners who have a house for sale, this is a question I am often asked and the answer that I’d like to say most often is “not as much as you think.” It’s always the same. When we are selling, we tend to over value property, but when we are [...]
