While demand for housing is at record highs in Auckland and Christchurch, real estate agents are reporting a big drift from the main cities to smaller centres, as people look to make their housing dollar go further.
The Gisborne Manager of Bayleys Karen Raureti told TV ONE's Breakfast that she has noticed an increase in people from Auckland buying property in Gisborne.
Raureti has come to Auckland for an expo being held this weekend to entice people to the area.
She said she hasn't noticed an increase in first home buyers.
"That's what we're trying to create right now. We think there is an opportunity for younger families to enjoy the lifestyle in Gisborne."
She said Aucklanders are amazed with what they can buy in Gisborne.
Raureti said before coming to Auckland she received a call from the hospital saying that there are a number of jobs available, and a law firm said it was also looking for more workers.
"So there are opportunities there, it's just a matter of grabbing them."
Real Estate Institute figures show New Zealand house prices have eased from December's record high.
The national median house price fell to $370,000 in January, down from December's record of $389,000.
But that price remains 4.2% higher than January 2012.
The median price in Auckland rose 8.1% from January last year.