A109 Light Utility Helicopter flight with mayor Gisborne City from the air in November 2023.
THE latest OneRoof-Valocity property report indicates a $25,000 fall in the median house price in Gisborne so far this month, as the return of higher deposit requirements for investors put the brakes on the housing market.
The figures show property values in every region dipped this month on January and
February levels.
The latest OneRoof-Valocity figures, covering the month to March 20, show an easing of price growth as buyers and sellers came to terms with new loan-to-value ratio restrictions, which came into effect on March 1.
The OneRoof-Valocity report shows a median house price for Gisborne so far this month of $510,000.
It was down $25,000 on the February figure, but still 36.5 percent up on the pre-Covid values.
