CoreLogic: Tauranga house prices stopping people moving to city for jobs
8 Feb, 2021 05:00 PM
5 minutes to read
House prices in Tauranga are making it increasingly difficult to attract people to the city. Photo / File
House prices in Tauranga are making it increasingly difficult to attract people to the city. Photo / File A worse economic effect than the pandemic is predicted for Tauranga with house prices deterring people from moving to the city for work. That s according to Nigel Tutt, the chief executive of Tauranga s economic development organisation, Priority One.
It comes off the back of CoreLogic NZ s latest House Price Index which shows Tauranga s average property value is now $888,930, up from $876,122 in the last quarter.