Rotorua house prices reach record median of $650,000
18 Apr, 2021 06:00 PM
7 minutes to read
Rotorua reached a new median house price record of $650,000. Photo / Getty Images
Agents say a sudden rush of property sales in Rotorua last month reflected efforts to get deals over the line before big changes to Government housing policy kicked in. The number of properties sold skyrocketed in March - including more than a dozen over the $1 million mark - driving the city to a new record median house price of $650,000.
The latest Real Estate Institute of New Zealand figures show the city had 114 sales last month compared to 78 in February and 82 in March last year, when New Zealand went lockdown.
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Rotorua house prices reach record median of $650,000
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