CoreLogic: Rotorua s average property value nears $600,000
6 Jan, 2021 05:00 PM
6 minutes to read
Rotorua s average property value has climbed to almost $600,000, as the city records its highest value growth in five years. Real estate agents were working through the holiday period to help ease some of the spectacular demand for property and a pre-Christmas rush in December.
Home values in Rotorua jumped nearly $50,000 in the last three months of 2020. The city s average property value was now $595,638.
CoreLogic NZ s latest House Price Index showed Rotorua s quarterly growth rate climbed 8.8 per cent from $547,473 the previous quarter.
It is the strongest quarterly growth since August 2016 when values rose 9.3 per cent to $347,966.
Summer read: Which Rotorua schools are the most popular
2 Jan, 2021 07:01 PM
6 minutes to read
Sunset Primary School brothers Boyboy Patangata, 6, and Grant Poi, 9, love their school. Photo / Ben Fraser
The Rotorua Daily Post is bringing back some of the best premium stories of 2020. The Westbrook Primary School zone may be one of the most sought after areas for parents to move into but the principal says his school is no better than any other in Rotorua.
According to Rotorua real estate agents, Rotorua homebuyers and tenants motivated by choosing a primary school for their children are mostly seeking properties in the Lynmore, Westbrook, Otonga and Glenholme primary zones.