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Kawerau median house price climbs 200 per cent in less than a decade

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. ....

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