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Real Estate in Gisborne, New Zealand | Digital Nomad Exchange
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Real Estate in Gisborne, New Zealand

By Betsy Burlingame

Last updated on Mar 11, 2024

Summary: People living in Gisborne, New Zealand offer advice about real estate. How do you find a home in Gisborne? Should you buy or rent? What is the cost of housing?

Cigna Global Health
Cigna Global Health
Cigna Global Health
Cigna Global Health

How do I find a place to live in Gisborne?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Gisborne involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a single room in a shared house to a fully detached home. Next, you should research the different neighborhoods in Gisborne to find one that suits your lifestyle and needs. Some factors to consider include proximity to work or school, access to public transportation, safety, and the availability of amenities such as shops, restaurants, and parks. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms where you can find listings for rental properties in Gisborne. These include Trade Me Property, realestate.co.nz, and nz.open2view.com. On these websites, you can filter listings based on your preferences for location, property type, number of bedrooms, and price range. You can also set up email alerts to be notified when new properties that match your criteria become available. In addition to online listings, you may also want to consider engaging a real estate agent. They can provide valuable local knowledge, help you navigate the rental process, and potentially give you access to properties that aren't publicly listed. Once you've found a property you're interested in, you'll typically need to fill out an application and provide references. If your application is successful, you'll then sign a lease agreement and pay a bond, which is usually equivalent to three or four weeks' rent. Finally, before moving in, it's a good idea to do a thorough inspection of the property and take photos of any existing damage. This can help protect you from being held responsible for damage that occurred before you moved in. Remember, finding the right place to live can take time, so it's a good idea to start your search well in advance of when you plan to move," said one expat in Gisborne.

VRBOVRBO
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With over 2 million bookable vacation rentals, Vrbo connects homeowners with families and vacationers looking for something more than a hotel for their trip. The Vrbo community offers families an array of rental property types such as condos, cabins, lake rentals, beach houses, and more. Discover properties in destinations that everyone dreams of visiting.

VRBOVRBO

With over 2 million bookable vacation rentals, Vrbo connects homeowners with families and vacationers looking for something more than a hotel for their trip. The Vrbo community offers families an array of rental property types such as condos, cabins, lake rentals, beach houses, and more. Discover properties in destinations that everyone dreams of visiting.
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What is a typical expat home or apartment like in Gisborne?

"A typical expat home or apartment in Gisborne, is often a modern, spacious dwelling with a blend of contemporary and traditional Kiwi designs. These homes usually have large windows to let in natural light and to offer stunning views of the surrounding landscapes, which can include the city, mountains, or the ocean. The living areas are typically open-plan, with a seamless flow between the kitchen, dining, and living room areas. The kitchen is usually fully equipped with modern appliances, and the dining area often opens out to a deck or patio for outdoor dining. Bedrooms are comfortable and airy, often with built-in wardrobes. Bathrooms are typically modern and well-appointed, often with both a shower and a bathtub. Many homes in Gisborne also have a garden or backyard, providing a space for outdoor activities or gardening. Some properties may also have a garage or off-street parking. For those living in apartments, amenities like a shared pool, gym, or communal outdoor space are common. In terms of location, expat homes and apartments are often situated in safe, friendly neighborhoods, close to local amenities such as shops, restaurants, schools, and parks. Some may prefer to live closer to the city center for convenience, while others may choose locations that offer more tranquility and closer proximity to nature. Overall, the typical expat home or apartment in Gisborne offers a comfortable, relaxed lifestyle with a strong connection to the outdoors, reflecting the laid-back, nature-loving culture of New Zealand," said one expat who made the move to Gisborne.

VRBO

With over 2 million bookable vacation rentals, Vrbo connects homeowners with families and vacationers looking for something more than a hotel for their trip. The Vrbo community offers families an array of rental property types such as condos, cabins, lake rentals, beach houses, and more. Discover properties in destinations that everyone dreams of visiting.

Learn More

VRBO

With over 2 million bookable vacation rentals, Vrbo connects homeowners with families and vacationers looking for something more than a hotel for their trip. The Vrbo community offers families an array of rental property types such as condos, cabins, lake rentals, beach houses, and more. Discover properties in destinations that everyone dreams of visiting.

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What is the average cost of housing in Gisborne?

If you are thinking about moving to Gisborne, cost of living in probably a key consideration. Expats commented about the cost of housing:

"As of recent data, the average cost of housing in Gisborne is relatively high compared to other regions. The median house price has been reported to be over half a million New Zealand dollars. However, prices can vary greatly depending on the specific area and the type of property. It's always recommended to check the latest real estate listings for the most accurate information," remarked one member in Gisborne.

Should I buy or rent a home in Gisborne?

If you have not spent a lot of time in Gisborne, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Gisborne, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Gisborne for a long time, buying a home could be a good investment. Owning a home allows you to build equity over time and could provide financial security in the future. However, buying a home also comes with significant upfront costs, such as the down payment, closing costs, and home inspection fees. You'll also be responsible for ongoing costs like property taxes, home insurance, and maintenance costs. If you're not ready for these financial commitments, or if you prefer more flexibility, renting might be a better option for you. Renting a home in Gisborne can offer more flexibility, especially if you're not sure how long you'll be staying. It's generally easier to move from a rental property than it is to sell a home. Renting can also be more affordable in the short term, as you won't have to worry about upfront costs or ongoing home maintenance expenses. However, renting doesn't allow you to build equity, and you'll be subject to annual rent increases. You'll also have less control over your living space, as you'll need to get permission from your landlord to make any significant changes to the property. In conclusion, whether you should buy or rent a home in Gisborne, New Zealand, depends on your financial situation, your long-term plans, and your personal preferences. It's important to weigh the pros and cons of each option before making a decision," remarked one member in Gisborne.

About the Author

Betsy Burlingame Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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