Rotorua Daily Post
  • Rotorua Daily Post 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
    • All Lifestyle
    • Residential property listings
  • Property
    • All Property
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
  • Rural
  • Sport

Locations

  • Tauranga
  • Te Puke
  • Whakatāne
  • Rotorua
  • Tokoroa
  • Taupō & Tūrangi

Media

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

Weather

  • Rotorua
  • Tauranga
  • Whakatāne
  • Tokoroa
  • Taupō

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 / Rotorua Daily Post

Rotorua suburbs show jump in value

Rotorua Daily Post
5 Sep, 2016 02:05 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

PHOTO/FILE

PHOTO/FILE

All Rotorua suburbs have seen their values jump in the past year - with previously lower valued suburbs leading the way with the highest jumps.

New median value data from QVshowed Mangakakahi, Western Heights and Koutu as the suburbs with the biggest gains in the year to the end of June, with Auckland buyers playing a major role in recent sales.

Median values in Mangakakahi jumped 27.8 per cent, Western Heights 27.1 per cent and Koutu 26.3 per cent.

Hillcrest, Fairy Springs and Utuhina also saw strong gains. In value terms, the data reflected yearly gains of $52,000 for Mangakakahi, $46,050 for Western Heights and $44,000 for Koutu.

The smallest percentage rises were in Kawaha Point with 17.8 per cent, Springfield with 18.4 per cent and Lynmore with an 18.9 per cent rise.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Ross Stanway, chief executive of Realty Services which operates Eves and Bayleys Real Estate, said the suburbs seeing the highest median rises were ones that hadn't traditionally been highly visible on buyers' radar screens.

"Because of the price pressure at the top end of the market in other suburbs, buyers are now seeing real value and affordability in suburbs," he said.

In surrounding areas, Kawerau saw the biggest median gain of 39.2 per cent, with Whakatane up 16.8 per cent and Opotiki up 16.2 per cent.

Advertisement
Advertise with NZME.

"There are people returning to Kawerau from either other parts of the BOP that are now being priced out, and from Auckland. They are getting what they consider to be a well-built good value home."

Ray White Rotorua co-owner Anita Martelli said the firm was very busy, with the Lynmore and possibly also Kawaha Point data reflecting the shortage of stock.

"We've just had two recent sales in Lynmore and both were snapped up quickly with multiple offers," she said.

"Rotorua is seen as a really great place to invest in. We've got people wanting to sell up in Auckland and come down. They just want to come here for the lifestyle, plus they can buy an investment property as well."

Hielke Oppers, principal real estate agent at Harcourts Rotorua, said he thought the increase in the value percentage in the "lower spectrum areas", such as Western Heights and Mangakakahi, would have been pushed up due to supply and demand.

This was due factors such as to first-time home owners, often utilising the KiwiSaver scheme, rental prices increasing and investors coming from outside Rotorua, he said.

Steve Lovegrove, owner of McDowell Real Estate Professionals Rotorua, said areas such as Western Heights and Koutu were popular choices for investors and first home buyers.

He said they were seeing cases in those areas of older generations helping younger generations get into the homes, such as parents helping their kids.

Mr Lovegrove thought Rotorua was an attractive option for investors, but they wouldn't be able to get a "real bargain" as would have been expected a year ago.

July seemed to be a good month with around 200 residential new listings across the city according to the adverts, he said.

Advertisement
Advertise with NZME.

"This gives a lot more choices for buyers moving into spring."

Nick Goodall said CoreLogic had recently begun analysing buyer information for Rotorua, and the latest month's data showed that 13 per cent of Rotorua buyers were Auckland property owners.

John McRae, partner of Deloitte Rotorua and president of the Rotorua Chamber of Commerce, said there was a huge amount of pressure on property prices across the market.

"The council's recent announcement of plans to release more land for housing development is a positive move," he said.

Save

    Share this article

Latest from Rotorua Daily Post

Premium
Opinion

Opinion: Why Mary Meeker's latest AI insights can't be ignored

13 Jul 05:00 PM
Premium
Letters to the Editor

Letters to the editor: Praise for Rotorua Hospital

13 Jul 04:30 PM
Rotorua Daily Post

Pene bags season-best performance at mountain biking World Cup

13 Jul 04:37 AM

From early mornings to easy living

sponsored
Advertisement
Advertise with NZME.

Latest from Rotorua Daily Post

Premium
Opinion: Why Mary Meeker's latest AI insights can't be ignored

Opinion: Why Mary Meeker's latest AI insights can't be ignored

13 Jul 05:00 PM

Influential trends report by 'Queen of the Internet' returns after six-year hiatus.

Premium
Letters to the editor: Praise for Rotorua Hospital

Letters to the editor: Praise for Rotorua Hospital

13 Jul 04:30 PM
Pene bags season-best performance at mountain biking World Cup

Pene bags season-best performance at mountain biking World Cup

13 Jul 04:37 AM
'Palpable grief': Motorcyclist who killed two people had 11 previous driving convictions

'Palpable grief': Motorcyclist who killed two people had 11 previous driving convictions

12 Jul 11:00 PM
Solar bat monitors uncover secrets of Auckland’s night sky
sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

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
  • Rotorua Daily Post e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Rotorua Daily Post
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • Rotorua Daily Post
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • 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