Bay of Plenty residents spend nearly $4b on property in 2020. PLUS: Tauranga s top 5 sales of the year revealed
1 Jan, 2021 05:00 PM
5 minutes to read
Tauranga s top five sales for the year have been revealed as a new report shows nearly $4 billion was spent on residential property in the region in 2020. New data also shows Tauranga s median house price jumped $125,000 in just 11 months.
According to the Real Estate Institute of New Zealand, Tauranga City s median price started the year at $710,000 and jumped 17.6 per cent to $835,000 by November.
It comes as REINZ s annual review of New Zealand s residential property market showed $3.9b was spent on residential property in the Bay in 2020 compared to $3.3b in 2019.