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

Auckland prices impact Tauranga property market

By Madeleine Grimshaw
Bay of Plenty Times·
17 Jul, 2015 07:00 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

HUNDREDS of affordable homes are listed for sale in the Bay of Plenty area but a local real estate representative says increased demand is pushing up prices.

According to realestate.co.nz, 531 homes were listed for sale in the Bay of Plenty area for $300,000 or less as of July 1.

The listings included houses, apartments, studios, townhouses and units, but didn't include properties for auction or listed with "price by negotiation".

The search showed 391 of those properties were advertised for less than $250,000, such as a four-bedroom Selwyn Heights house on a 875sq m section advertised for $169,000.

Another four-bedroom split-level home in Kawerau was advertised for $190,000.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Listings for Auckland city reveal only 136 homes with displayed prices under $300,000 most of which were one or two bedroom homes.

According to Westpac's online mortgage calculator, a $300,000 property with a 20 per cent deposit would mean repayments of $697 a fortnight over 30 years at an interest rate of 6.5 per cent a year.

Marketing consultant for Harcourts, Ian Macdonald, said house sales had increased in Tauranga this year compared to previous years.

Advertisement
Advertise with NZME.

"There has been a decent rise in the number of people looking, and the number of houses that have been sold in the area since Christmas.

"We've seen a number of people move from places like Auckland looking down here. I imagine as housing prices increase people will expand the areas they look at and Tauranga is a great place to invest."

Macdonald said there was more demand than availability for affordable homes in the city and there had been a consequent increase in property prices.

Real Estate Institute of New Zealand (REINZ) chief executive officer Colleen Milne said more homes priced under $450,000 had sold outside of Auckland recently.

There were 12,383 dwellings sold for $450,000 or less outside Auckland between January and April this year. That represented 71 per cent of all sales in that time.

Between January and April last year, 10,736 houses sold in that price range, making up 72 per cent of all sales.

The number of properties sold under the Welcome Home Loan scheme in the Hawke's Bay also increased.

The loan scheme is run by Housing New Zealand to help first-home buyers borrow. Prospective buyers can borrow up to 90 per cent of a property's value. Selected banks and credit unions loan the money.

The maximum amount you can borrow with a Welcome Home Loan depends on where you are buying in as each region has a house price cap.

REINZ figures showed 631 properties sold at the Welcome Home Loan level in Hawke's Bay between January and April this year. That represented 83 per cent of sales and was up on 566 over the same time last year.

In the Rotorua District 290 dwellings sold for $450,000 or less. That represented 87 per cent of sales and was up on 231 the previous year.

Advertisement
Advertise with NZME.
Save

    Share this article

Latest from Bay of Plenty Times

live
Bay of Plenty Times

Radio distress post was hoax, 50 people evacuated, wild weather clean-up begins

11 Jul 09:42 PM
Bay of Plenty Times

'Powerful example': Mum overcomes addiction to build a life helping others

11 Jul 06:00 PM
Bay of Plenty Times

Bay home crowd rallies behind netball's Magic

11 Jul 05:00 PM

From early mornings to easy living

sponsored
Advertisement
Advertise with NZME.

Latest from Bay of Plenty Times

Radio distress post was hoax, 50 people evacuated, wild weather clean-up begins
live

Radio distress post was hoax, 50 people evacuated, wild weather clean-up begins

11 Jul 09:42 PM

The North Island is expected to get off to a wet start this morning, with lingering rain.

'Powerful example': Mum overcomes addiction to build a life helping others

'Powerful example': Mum overcomes addiction to build a life helping others

11 Jul 06:00 PM
Bay home crowd rallies behind netball's Magic

Bay home crowd rallies behind netball's Magic

11 Jul 05:00 PM
Tearful hunter admits shooting and killing friend

Tearful hunter admits shooting and killing friend

11 Jul 05:00 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
  • 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