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

Tauranga house prices increase nearly 7 per cent year-on-year

Bay of Plenty Times
14 Feb, 2018 09:16 PM2 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 Bay of Plenty was one of six regions to experience a new high in January. Photo/File

The Bay of Plenty was one of six regions to experience a new high in January. Photo/File

House prices in Tauranga increased 6.7 per cent year-on-year, while values in the Western Bay of Plenty increased only 3.5 per cent.

Tauranga house prices jumped from $600,000 in January 2017 to $640,000 in January 2018, according the Real Estate Institute of New Zealand's latest monthly report.

However, prices decreased 2.3 per cent month-to-month from $655,000 in December 2017 to $640,000 January 2018.

Western Bay of Plenty house prices rose 3.5 per cent from $565,000 in January 2017 to $585,000 in January 2018. But prices decreased 10 per cent from $650,000 in December 2017 to $585,000 in January 2018.

REINZ regional director Philip Searle said January 2018 was busier than January 2017 in
the Bay of Plenty.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

"After the lull in activity during the election period, people appear to be getting on with their lives," Searle said.

Listings are slightly down, however, Searle said some investors were selling homes because of the impending new Healthy Homes requirements.

"We have people wanting to purchase, but they are just trying to find the right type of property for them," he said.

Advertisement
Advertise with NZME.

"The interest is mainly from younger people looking for holiday homes and people relocating from the cities for retirement."

The median price across the region increased three per cent compared to January 2017 and was one of six out of 12 regions to experience a new high in January.

Compared to December, sales volumes decreased 29 per cent, with sales count increasing more than 11 per cent in the Western Bay but decreasing more than 30 per cent in Tauranga.

There was only one more sale this month compared with January 2017, with Western Bay
sales increasing 72 per cent but Tauranga falling by more than 10 per cent.

Discover more

Business

Unaffordable housing takes gloss off Tauranga lifestyle

23 Jan 07:00 PM

Opinion: Housing unaffordability has flow-on effects

29 Jan 12:00 AM
Business

Apartment 'flipped' for $500k profit in five months

16 Feb 06:08 PM

Western Bay house prices continue to climb

08 Feb 12:39 AM
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 Times

'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