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Kawerau median house price climbs 200 per cent in less than a decade
24 Jan, 2021 12:02 AM
7 minutes to read The Bay of Plenty town of Kawerau. Photo / File
Cashed-up buyers from Auckland, Tauranga and Rotorua looking to retire could be fuelling Kawerau s property boom, long-term locals say. Median house prices in the Bay of Plenty town have skyrocketed almost 200 per cent in a decade. In 2011, the town s median house price was $108,000. Now prices have climbed above $300,000.
One real estate agent said one residential home sold for more than $800,000 - the biggest sale he is aware of in the town.
REINZ chief executive Bindi Norwell said Kawerau had seen strong growth in median house prices in the last nine years.