Bay of Plenty Times
  • Bay of Plenty Times home
  • Latest news
  • Business
  • Opinion
  • Lifestyle
  • Property
  • Sport
  • Video
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Business
  • Opinion
  • Lifestyle
  • Property
    • All Property
    • Residential property listings
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
  • Sport

Locations

  • Coromandel & Hauraki
  • Katikati
  • Tauranga
  • Mount Maunganui
  • Pāpāmoa
  • Te Puke
  • Whakatāne
  • Rotorua

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales
  • Classifieds

Weather

  • Thames
  • Tauranga
  • Whakatāne
  • Rotorua

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Bay of Plenty Times

Feel good factor in housing market

By Kiri Gillespie
Bay of Plenty Times·
11 Sep, 2012 06:21 AM3 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

The real estate market in the Western Bay of Plenty has survived winter in good condition, offering significant optimism for the industry in coming months.

Latest Real Estate Institute of New Zealand figures show 111 houses were sold in Tauranga in August, matching the number of houses sold in July. In August 2011, 110 homes sold.

In Mount Maunganui and Papamoa, 75 houses were sold in August this year and 73 in July. Eighty houses were sold in August last year.

The median price of houses sold in Tauranga in August was $330,000, with $359,500 in July this year and $356,500 in August 2011.

However, Mount Maunganui and Papamoa experienced a slight gain, with a median price of $390,000 in August compared to $389,000 in July and $387,500 in August 2011.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Simon Martin, managing director for Harcourts Tauranga, Mount Maunganui and Papamoa, said the company had noticed a lot more positivity in the market.



"People have gotten to the point of, 'Bugger it, let's just get on with it'," he told the Bay of Plenty Times. "Prices are down on what they had been and buyers have confidence. The other thing is banks have eased up on lending and enabling people into houses that they might not have been able to afford six to nine months ago."

Greg Purcell, franchise owner of Ray White Realty in Mount Maunganui and Papamoa, said he felt people had shaken off the doubt the global recession brought with it five to six years ago.

Advertisement
Advertise with NZME.

"The banks had painted an apocalyptic meltdown but as time went on we are quite lucky because of the infrastructure going on locally," he said. "I think they are just distancing themselves from it. Time is a great healer."

Mr Purcell said he believed the local market was "pretty stable".

"I used to be quietly optimistic but now I'm vocally optimistic. I think we are doing just fine, to be honest."

His optimism was echoed by Ross Stanway, chief executive of Realty Services, which operates Bayleys and Eves, who said the figures were a "good sign".

"The key thing is they are just happening at a rate which is sustainable and sensible, which is good for everybody," Mr Stanway said.

"It indicates a degree of confidence in the market by both buyers and sellers.

"I believe now we have come through winter in good shape. That, during a period of year which traditionally people tend to think 'winter, let's hibernate'. But that hasn't happened.

"I think it bodes well for the months ahead," Mr Stanway said.

Save

    Share this article

Latest from Bay of Plenty Times

Bay of Plenty Times

'God-given right': Family defends largely unconsented homestead on rural land

04 Jul 08:45 PM
Bay of Plenty TimesUpdated

'I'm proud of you': Sister's final message before fatal crash

04 Jul 06:03 PM
Bay of Plenty Times

Farmer's harrowing hours crushed beneath tractor

04 Jul 02:00 AM

There’s more to Hawai‘i than beaches and buffets – here’s how to see it differently

sponsored
Advertisement
Advertise with NZME.

Latest from Bay of Plenty Times

'God-given right': Family defends largely unconsented homestead on rural land

'God-given right': Family defends largely unconsented homestead on rural land

04 Jul 08:45 PM

A family wanted to be left alone to develop their land without council interference.

'I'm proud of you': Sister's final message before fatal crash

'I'm proud of you': Sister's final message before fatal crash

04 Jul 06:03 PM
Farmer's harrowing hours crushed beneath tractor

Farmer's harrowing hours crushed beneath tractor

04 Jul 02:00 AM
Farmer's harrowing hours crushed beneath tractor

Farmer's harrowing hours crushed beneath tractor

From early mornings to easy living
sponsored

From early mornings to easy living

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • Bay of Plenty Times e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Bay of Plenty Times
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • Bay of Plenty Times
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP