Walker Holds Market Share
Despite strong competition from the 13 agencies competing in the Gisborne residential property market, the team at Walker Real Estate has held 20% market share for the first half of 2010. While some agencies may have a good month and are quick to quote a high market share figure for that month, it’s the results [...]
Sure to bring a smile
163 Stout Street is one of those homes that has a great feel about it.Totally understated from the street, this villa is an absolute delight. Full of character and cosy charm, it’s a real show stopper with it’s comfortable interiors and private outdoor living. It is located in popular Mangapapa close to schools and only [...]
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 [...]
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 [...]
Watching Values Being Washed Away
You have to feel for the folk at Haumoana, Hawkes Bay (3 hours drive south of Gisborne). This week’s high seas have really taken a toll on their properties, literally washing them away. It seems that whenever there is a high sea running, this area really takes a hammering. I wonder how many other coastal [...]
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 [...]
Multiplex fund sheds value
One of New Zealand’s largest real estate funds has shed value. The Sydney-managed Multiplex New Zealand Property Fund owned property valued at $701.9 million in June but this week it declared that had now shrunk to $655.4 million. Leon Boyatzis, fund manager of Brookfield Multiplex in Australia, said a $21 million Wiri property had been [...]
Lowest Month of Reported Sales
What happened during January? Not a lot actually, if the reported residential sales are accurate. January 2010 saw the lowest number of house sales in Gisborne NZ for quite some time. Why? I have a few thoughts on the matter. Firstly the market we are currently in here in Gisborne is not running hot. Sales [...]
