3 out of 4 auctions sold
It was a good day for sales at LJ Hooker Gisborne when 3 out of 4 residential properties sold under the hammer. 5 Elsdon Best Street, Riverdale was offered for sale under mortgagee instructions. The property drew a positive response during the marketing programme with over 30 buyer inspections. It came down to 3 active [...]
8 Sirrah St Wainui Beach
It doesn’t get much better than this! Overlooking Wainui Beach, Gisborne this modern contemporary family home is an outstanding property. 8 Sirrah Street offers the best of care free coastal living. Sunrises and sets will be yours to enjoy every day. What a great place to call your next home. Selling by Auction on 15 February, [...]
Ballance Street auction sells
124 Ballance Street, Gisborne sold under the hammer at auction yesterday for $335,000. There was good interest shown in the property throughout the 4 week marketing campaign with over 25 inspections and on auction day 3 buyers bid. “I knew there was going to be keen interest to own the property,” said marketing agent Neil [...]
Sales with new RV’s applied
It’s interesting to see how the new rating valuations compare against the most recent sales. The result; still all over the place really. The variation for October and November sales still swings from 58% below to 26% above. But that’s to be expected really. After all rating valuations are not made for the purpose of [...]
NZ Herald Property Report
Recently the New Zealand Herald published their Quarterly Housing Report. I have managed to get my hands on a digital copy NZH Property Report. If you weren’t able to get a hard copy, then download this report. It makes good holiday reading. The thing to remember is this; the data comes from Quotable Value (QV) and [...]
November median picks up
The median sale price for a residential property in Gisborne was $245,000 (November 2011). The was up on previous months and was more a reflection on the greater number of higher end sales rather than a lift in market values. Sales volumes were low (29 sales with no sections sold) and average days on market [...]
Strong auction results
3 out of 5 properties sold in the auction rooms at LJ Hooker Gisborne yesterday. 2 were rural properties (12a Makarika School Road, Ruatoria and 2446 Waingake Road, Manutuke) the third was a community housing project in Ranfurly Street, Gisborne. On Wednesday’s auctions, the 2 residential properties (19 Buchanan Street and 84 Ormond Road) both [...]
Steady November Sales
Sales released for November 2011 were consistent with previous months of 2011. There were 29 confirmed residential property sales in Gisborne City. No section sales were reported this month. There were 11 sales under $200,000 and there were 4 sales above $500,000. This level of high end sales is more than previous months. It’s pleasing [...]
Prime riverbank home
Hidden away on a rear site this riverbank property is the perfect retreat from our busy world. At 6 Marian Drive, Gisborne, time seems to stand still. You experience the calming effect of just being here. Mature trees play host to incredible bird life and while the gardens on this 2000 sq m are established, [...]
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 [...]
