Tauranga house prices reach record $937,000, Rotorua $630,000 nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.
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.
CoreLogic: Okere Falls Rotorua s priciest suburb
4 Apr, 2021 07:00 PM
6 minutes to read
Okere Falls is Rotorua s priciest suburb, a new report says. Photo / Andrew Warner
Okere Falls is Rotorua s priciest suburb in terms of median property value, according to a new report. But while the area was a jewel in Rotorua s crown , news it is the city s most expensive suburb has surprised some who say there are other higher-value lakeside suburbs.
While a property expert says it s part of a new market trend where people were discovering previously undiscovered areas.
CoreLogic s Mapping the Market report showed median property values in Okere Falls had climbed the highest of Rotorua s suburbs year-on-year to reach $936,950.
CoreLogic Pain and Gain: Rotorua s median property resale gain at $280,000 nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.