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A good time to buy?

7th February 2025
A good time to buy?

Photo: REINZ Website

It is an interesting time for our local property market! The December REINZ Report indicated that:

  • Gisborne had the lowest December sales count since records began.
  • Gisborne had the highest increase in listings across the country for the month of December.
  • On average, it took properties 9 days longer to sell in December than it did in November.

Surplus housing stock means there is plenty of choice for buyers, and REINZ CEO Jen Baird reported that local vendors have been very realistic with their price expectations. This, combined with forecasted declines in interest rates, could present the perfect opportunity for a first-home buyer or a property investor looking to expand their portfolio.

Expert property advice you can trust

If you are looking at purchasing, give one of our expert property practitioners a call today. We have an experienced team who deliver a comprehensive service, assisting you from the early days of searching for the right property right through to completion of settlement. We provide expert but practical advice and aim to simplify what can otherwise be a complex and overwhelming process.

Call our team today on (06) 869 0900.

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