House values are up again in Tauranga, with Bay property buyers opting for small-town living in Omokoroa and million-dollar sales in Matua.
State valuer Quotable Value said property values in Tauranga rose 4.5 per cent in the year to September, but remained unchanged from three months earlier, putting them 6.1 per cent below the 2007 market peak.
Western Bay of Plenty property values were also up 2.1 per cent year-on-year, and 0.4 per cent higher than three months earlier.
Demand at the top end of the market was increasing with a number of houses over the $1 million mark selling in Matua in the past few months, said QV registered valuer Mairi Macdonald.
Tauranga couple Mark and Lynda Middleton have just moved into their dream home in booming Omokoroa.