Gisborne regional property market insights

According to Trade Me Property’s most recent Property Price Index, the average property price in Gisborne in November 2024 was $583,600. This continues the trend of month-on-month property price reductions in Gisborne, this time with a decrease of 3.3% compared to October, and November's figure was down 7% compared to the same time last year.

There has been an increase in the number of properties available for sale on Trade Me Property in Gisborne in November 2024, compared to the year before. In November 2024, there were 194 properties available for sale in Gisborne on Trade Me Property, up from 147 in November 2023.

The average cost of renting a home in Gisborne in November 2024 was $645, according to Trade Me Property data. There were 63 properties listed for rent on Trade Me Property in Gisborne in November 2024, this was up slightly from October, and up considerably from 14 in November 2023.

This district of Gisborne/Tairāwhiti was home to 51,135 people in the 2023 census. Thanks to this relatively small population, and the 8,386 km2 size of the region, it boasts a relatively low population density of approximately 6.3 people per km2.

With jaw-droppingly gorgeous beaches, rich Māori culture, and, crucially, some of the best weather Aotearoa has to offer, there’s a lot to like about living in Gisborne. This is reflected by the fact that Gisborne’s population has grown by approximately 1% per year over the last 10 years, according to the Ministry of Business, Innovation and Employment (MBIE).

In 2018, the Gisborne Region was responsible for 1% of Aotearoa’s GDP, according to MBIE. In terms of employment opportunities, according to MBIE, in 2018, the biggest largest industry employer in Gisborne was the sheep, beef cattle and grain farming industry. Fruit and tree nut growing and residential building construction are also important employers for the region.