Gisborne

PROPERTY MARKET

44

DAYS TO SELL (REINZ MAY23)

-9.8 %

12 MONTH PRICE TREND (REINZ MAY23)

$ 600,000

MEDIAN PRICE (REINZ MAY23)

The first city in the world to see the sun, this easternmost tip of the country is famous for its beautiful coastline, densely forested mountain parks, surfing and fishing, and is also a centre for wine and agriculture.

Gisborne district lies on the northeastern corner of the central North Island. The only city is Gisborne (population 35,000). Gisborne is about six or seven hours’ drive from Auckland, three hours from Napier to the south and a little longer from Tauranga and Rotorua in the west.

Population: 52,000 (Stats NZ)
Forecast Population 2033: 54,000 (Stats NZ)
Median Price: $ 600,000
12 Month Pricing Trend: -9.8% (REINZ May23)

Lifestyle

Gisborne District offers some of New Zealand’s best coastal scenery and beaches in uncrowded, often remote settings. The interior is rugged and mountainous bush country which is largely inaccessible except for around beautiful Lake Waikaremoana to the south west. Freedom camping up and down the coast is popular in summer, as are exploring the vineyards, fishing, surfing and generally enjoying the safe and sandy beaches.

Gisborne city combines semi-rural charm with easy access to some of the coast’s best beaches. It offers a range of residential homes from city dwellings to lifestyle sections. It has good amenities including supermarkets and speciality stores and a small but growing selection of cafes and restaurants.

Major local events include the Dawn Raid Beach Day Out, an outdoor hip-hop concert held in January, and Rhythm & Vines, a three day New Year’s music festival featuring well-known New Zealand and international bands performing in the vineyard setting of Waiohika Estate.

Economy and industry

With high, hot sunshine hours and fertile clay loam soils Gisborne district is an ideal environment for winemaking. The region is noted for its Chardonnay, Gewurtztraminer, Viognier, Pinot Gris, Merlot and Malbec wines. Other local industries include agriculture, horticulture, farming, forestry and fishing.

Gisborne city functions as a service town for the district. Its port, a sheltered river port, hosts ships loading logs for export as well as smaller fishing vessels.

Climate

Gisborne is dry and sunny with warm summers and mild winters. Average maximums range from 23-25°C in summer to 14-15°C in winter. The annual rainfall varies from about 1000mm near the coast to over 2500mm in higher inland country.

Information sourced from https://www.live-work.immigration.govt.nz/