10 | New Zealand Pain & Gain Report July 2017 © Copyright 2017. CoreLogic NZ Limited (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved. Gisborne has experienced a higher proportion of loss making sales in recent years than Rotorua and Whangarei. This is likely a reflection of the fact average values in Gisborne are still not back to the same level at the previous peak of the market in 2007, while Rotorua and Whangarei are 34% and 22% above their previous peak respectively. Main Urban Areas North Island 1997 2002 2007 2012 2017 0% 10% 20% 30% 40% 50% Whangarei District Gisborne District Rotorua District Q1 2017 Q4 2016 Gisborne District 14.3% 13.4% Rotorua District 1.1% 2.0% Whangarei District 2.1% 1.8% Pain Gain Median Gross Loss Total Value of Loss Median Gross Profit Total Value of Profit Whangarei District -$500 -$311,500 $147,500 $71,782,225 Gisborne District -$23,000 -$496,000 $85,000 $14,938,983 Rotorua District -$52,000 -$138,139 $124,750 $41,308,052 Whangarei has the highest total gain of the three, and median pain here is negligible. Gisborne had a modest median gain and the highest total loss of the three. Rotorua has had strong median gain but also the greatest median pain. Proportion of total resales at a loss