CoreLogic Best of the Best: Rotorua's top-performing suburbs of 2020
18 Dec, 2020 05:00 PM
5 minutes to read
An aerial view of Rotorua. Photo / File
Investors and first-home buyers looking to get on the property ladder have helped boost the median property value in Fordlands by almost 30 per cent over the past year.
Fordlands remained Rotorua's cheapest suburb -
promoting a surge in demand with properties being snapped up at a median of just 12 days, according to a new property report.
Properties were also selling fast in the city's most expensive suburb, Tihiotonga, which recorded a median value of $775,850. Houses in the suburb had the shortest period on the market before selling - an average of just six days.