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 [...]
John Key’s announcement good for local investors
Good news for those who have holding off getting into the property investment business. It looks as though the government appreciates that any bold move to tax landlords to the extent that the working party had suggested would have had negative effects on the rental house market and tenants. Investors can now move forward and [...]
Good Real Estate is always in demand
There’s no denying it. When it comes to houses for sale in Gisborne NZ, the same universal truths hold firm. The golden rule of real estate, “buy the worst house in the best street” is a common belief held by many buyers and that was evident on this occasion. That’s a bit unkind on this [...]
Gisborne Property Update – View our Video Report
The Gisborne residential property market has performed well recently, with signs of increased activity and growth in values. Over the past decade the annual increase in median sale prices has averaged 13% each year. View the video for a snaphot.
