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Tauranga house prices reach record $937,000, Rotorua $630,000


Tauranga house prices reach record $937,000, Rotorua $630,000
16 May, 2021 06:00 PM
6 minutes to read
Is the boiling property market starting to simmer? Photo / File
Tauranga and Rotorua are topping the charts with more property sales than any other district in the region for the past few months.
But is the boiling property market starting to simmer down?
Bay of
Plenty agents say although multi-offers and low-interest rates still exist the rush to buy property is easing and there was definitely a change in the air .
As listings tighten people were waiting to list their properties until they could buy one to move into. ....

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Bay of Plenty residents spend nearly $4b on property in 2020. PLUS: Tauranga's top 5 sales of the year revealed


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. ....

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