The average values of residential properties in Tauranga have fallen 4.2 per cent compared to one year ago while the number of sales dropped by 15 per cent,.
Quake aftermath: Always be ready to flee your home for three days
5 Mar, 2021 05:00 PM
8 minutes to read
Footage shows tsunami waves hitting New Zealand. Video / Claudia Maaka / Waiapu Civil Defence / Gina Pewhairangi / Dean Purcell
Footage shows tsunami waves hitting New Zealand. Video / Claudia Maaka / Waiapu Civil Defence / Gina Pewhairangi / Dean Purcell
Be ready at any moment to flee your home for three days. That s the advice from a Bay of Plenty community leader after earthquakes and tsunami alerts caused disruption across the Bay of Plenty and other parts of the country yesterday.
People from across the region fled for higher ground after a powerful magnitude 8.1 earthquake in the Kermadec area about 1000km northeast of New Zealand triggered a tsunami warning.
Beachside property boom: Million-dollar sales double and triple in towns
19 Feb, 2021 05:00 PM
4 minutes to read
View of Ohope Beach, Bay of Plenty. Photo / Getty Images
Sales of $1 million-plus properties in small Bay of Plenty seaside towns have doubled and even tripled in some areas as city-dwellers seek the coastal lifestyle and work-life balance. Real estate agents say the beachside boom is being fuelled by big-city residents seeking holiday homes. But in one seaside spot baches that have been in families for years are becoming scarce as they are snapped up for permanent homes.
The number of $1 million-plus properties sold in Pukehina doubled from 10 to 20 in a year and more than tripled in Waihi Beach to 43 from 13, according to the Real Estate Institute of New Zealand.