PAGE 1 OF 2 MARKET FACTS

RESIDENTIAL SALES GISBORNE February 2015

SUBURB 2014 RV SALE PRICE RV/SP% LAND FLOOR BEDS BEACH $520,000 $545,000 4.81% 809 122 3 BEACH $735,000 $740,000 0.68% 1633 210 4 BEACH AVERAGE SALE PRICE BELOW 2014 RV -6.27% ELGIN $216,000 $210,000 -2.78% 1214 123 3 ELGIN AVERAGE SALE PRICE BELOW 2014 RV -2.78% $312,000 $275,000 -11.86% 0 150 2 GISBORNE CENTRAL $153,000 $145,000 -5.23% 732 70 2 GISBORNE CENTRAL $154,000 $145,000 -5.84% 732 70 2 GISBORNE CENTRAL $331,000 $310,000 -6.34% 0 112 2 GIS CENTRAL AVERAGE SALE PRICE BELOW 2014 RV -7.32% KAITI $240,000 $210,000 -12.50% 395 110 3 KAITI $151,000 $171,000 13.25% 1429 94 3 KAITI $208,000 $220,000 5.77% 728 124 3 KAITI $149,000 $169,000 13.42% 621 113 3 KAITI $158,000 $170,000 7.59% 552 100 2 KAITI AVERAGE SALE PRICE ABOVE 2014 RV 5.51% $236,000 $216,000 -8.47% 1017 180 3 MANGAPAPA $115,000 $ 74,000 -35.65% 834 100 3 MANGAPAPA $191,000 $220,000 15.18% 898 97 3 MANGAPAPA $185,000 $193,000 4.32% 676 102 3 MANGAPAPA AVERAGE SALE PRICE BELOW 2014 RV -6.15% RIVERDALE $297,000 $310,000 4.38% 354 130 2 RIVERDALE $245,000 $270,000 10.20% 638 97 3 RIVERDALE $247,000 $206,000 -16.60% 722 130 3 RIVERDALE AVERAGE SALE PRICE BELOW 2014 RV -0.67% $258,000 $258,000 0.00% 831 106 3 TE HAPARA $203,000 $179,600 -11.53% 479 110 2 TE HAPARA $203,000 $192,000 -5.42% 594 104 3 TE HAPARA $197,000 $179,000 -9.14% 657 106 2 TE HAPARA $340,000 $319,000 -6.18% 400 155 3 TE HAPARA $180,000 $150,000 -16.67% 819 101 3

121 Ormond Road, Gisborne P 06 929 1933 | M 027 553 5360 | E [email protected] Tracy Bristowe, AREINZ | Licensed Real Estate Agent REAA 2008 www.tracyrealestate.co.nz PAGE 2 OF 2 MARKET FACTS RESIDENTIAL SALES GISBORNE FEBRUARY 2015

SUBURB 2014 RV SALE PRICE RV/SP% LAND FLOOR BEDS

TE HAPARA $262,000 $261,000 -0.38% 512 102 2 TE HAPARA $283,000 $258,000 -8.83% 629 120 3 TE HAPARA AVERAGE SALE PRICE BELOW 2014 RV -7.27% $343,000 $382,000 11.37% 607 280 4 WHATAUPOKO $590,000 $570,000 -3.39% 7225 340 6 WHATAUPOKO $483,000 $437,000 -9.52% 1141 228 3 WHATAUPOKO $308,000 $250,000 -18.83% 1012 240 5 WHATAUPOKO $305,000 $320,000 4.92% 364 125 3 WHATAUPOKO AVERAGE SALE PRICE BELOW 2014 RV -3.09%

AVERAGE SALE PRICE BELOW 2014 RV OF ALL OF -3.10% FEBRUARY 2015 RESIDENTIAL SALES

REINZ DATA STATISTICS FOR THE MONTH: Residential Houses Residential Houses Median Median Days Number Sold Sections Sold February 2014 $236,750 53 36 $106,500 - 4 section sold February 2015 $218,000 69 34 Nil sections sold

Suburbs covered : Elgin, Gisborne Central, Heatherlea, Inner Kaiti, Kaiti, Lytton West, Mangapapa, , Riverdale, , Te Hapara, Wainui, Whataupoko

Disclaimer: The data herein has been sourced via REINZ and RPNZ, and whilst every care has been taken to verify the accuracy of the information, the writer accepts no responsibility for error or omission. The RV/SP % is the difference between the sale price and the 2011 RV expressed as an percentage

121 Ormond Road, Gisborne P 06 929 1933 | M 027 553 5360 | E [email protected] Tracy Bristowe, AREINZ | Licensed Real Estate Agent REAA 2008 www.tracyrealestate.co.nz