Gisborne real estate a young person's bet

Number of home buyers coming from Auckland continues to increase.

Number of home buyers coming from Auckland continues to increase.

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GISBORNE home-owners are among the youngest in New Zealand, new mortgage data shows.

Figures from online credit data provider Credit Simple reveal that not only did Gisborne have the nation’s second-highest proportion of mortgage holders aged under 30 but they also have about $180,000 less mortgage debt than Aucklanders.

A total of 7.7 percent of all mortgage holders here are 30 years old or younger. Only Southland (8.3 percent) has a higher proportion of mortgagees under 30.

Credit Simple chief executive David Scognamiglio said that made Gisborne one of the best places to be for young New Zealanders wanting to get started in owning property.

“Young Kiwis in Gisborne are better off than under-30s in nearly any other part of the country, and this idea that salaries and job prospects are only good in major centres such as Auckland and Wellington deserves much closer scrutiny.

Gisborne a smart choice

“Our data show that the average Auckland mortgagee has $393,000 of housing debt. That’s 45 percent higher than the rest of the country, and it makes Gisborne look like a really smart choice for young people wanting to get ahead.”

Credit Simple’s data showed the average mortgage debt in Gisborne was $210,142.

“Our message to young Kiwis is that if owing half-a-million dollars on a one-bedroom flat in Auckland is not something that gets you excited, and you’re still young with your options wide open, it will pay to check out the job situation and real estate listings in Gisborne, and start waxing your board.”

Bayleys Gisborne sales manager Karen Raureti said the data was probably reflective of the number of first-time buyers in the Gisborne market.

“We are selling homes to a number of first-home buyers.

“Last month a house was sold for $185,000 to a first-home buyer and another to a first-home buyer for $365,000, so homes sold to first home buyers are not just at the lower end of the market. There is a wide range.”

Ms Raureti said the number of home buyers coming here from Auckland continued to increase.

“Over 20 percent of our buyers are coming from Auckland. This is an increase from 10 percent last year.”

GISBORNE home-owners are among the youngest in New Zealand, new mortgage data shows.

Figures from online credit data provider Credit Simple reveal that not only did Gisborne have the nation’s second-highest proportion of mortgage holders aged under 30 but they also have about $180,000 less mortgage debt than Aucklanders.

A total of 7.7 percent of all mortgage holders here are 30 years old or younger. Only Southland (8.3 percent) has a higher proportion of mortgagees under 30.

Credit Simple chief executive David Scognamiglio said that made Gisborne one of the best places to be for young New Zealanders wanting to get started in owning property.

“Young Kiwis in Gisborne are better off than under-30s in nearly any other part of the country, and this idea that salaries and job prospects are only good in major centres such as Auckland and Wellington deserves much closer scrutiny.

Gisborne a smart choice

“Our data show that the average Auckland mortgagee has $393,000 of housing debt. That’s 45 percent higher than the rest of the country, and it makes Gisborne look like a really smart choice for young people wanting to get ahead.”

Credit Simple’s data showed the average mortgage debt in Gisborne was $210,142.

“Our message to young Kiwis is that if owing half-a-million dollars on a one-bedroom flat in Auckland is not something that gets you excited, and you’re still young with your options wide open, it will pay to check out the job situation and real estate listings in Gisborne, and start waxing your board.”

Bayleys Gisborne sales manager Karen Raureti said the data was probably reflective of the number of first-time buyers in the Gisborne market.

“We are selling homes to a number of first-home buyers.

“Last month a house was sold for $185,000 to a first-home buyer and another to a first-home buyer for $365,000, so homes sold to first home buyers are not just at the lower end of the market. There is a wide range.”

Ms Raureti said the number of home buyers coming here from Auckland continued to increase.

“Over 20 percent of our buyers are coming from Auckland. This is an increase from 10 percent last year.”

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Niels Zindel - 4 months ago
But what if the job turns to custard? Is it more delicious in Gizzy? Can the loan be serviced via the Social Welfare department?

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