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 and Western Bay property values rise

Sandra Conchie
By Sandra Conchie
Multimedia Journalist, Bay of Plenty Times·Bay of Plenty Times·
5 Apr, 2018 03:00 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

Tauranga property values rose 4.5 percent in the past 12 months and 1.9 per cent in the past three months. Photo/File

Tauranga property values rose 4.5 percent in the past 12 months and 1.9 per cent in the past three months. Photo/File

Residential property values have risen in Tauranga but at a much slower rate than the previous two years, according to the latest monthly QV House Price Index report.

In figures released by QV, Tauranga home values rose 4.5 per cent in March, compared to the same month last year, and 1.9 per cent over the past three months. The average value in the city stands at $706,922.

In the Western Bay of Plenty, the market jumped by 8 per cent year on year and 2.3 per cent in the past three months. The average value in the district is $637,801.

In the report, QV Tauranga property consultant Steven Dunn said activity in the Tauranga market increased during February and March. However, buyers no longer appeared to have that fear of missing out, and were taking more time over making decisions, he said.

"Despite there still being a shortage of listings in areas like Mount Maunganui people are not jumping in, and are doing more due diligence and looking at the market and seeing what's happening with values before making offers," Dunn said.

"Prices in many areas including the popular Otumoetai have stabilised quite a bit with not much movement in values over the past few months.

"First home buyers are active and are finding it easier to purchase now there's less competition from investors," he said.

Dunn said it was easier for buyers to gain financial approval and get lower deposit loans as retail banks had eased back on the strict lending criteria of the second half of 2017

"We are still seeing the trend of people moving from major centres like Auckland and Wellington to Tauranga and the Bay of Plenty," he said.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Nationwide residential property values for March increased 7.3 per cent over the past year, the fastest rate in nine months.

The average house value nationwide is now $677,618, but when adjusted for inflation the nationwide annual increase dropped slightly to 5.6 per cent.

National QV spokesperson Andrea Rush said residential property value growth remains subdued compared to recent years.

Advertisement
Advertise with NZME.

But in March there was the usual seasonal pickup in sales volumes and activity, she said.

"This has seen nationwide annual value growth rise to 7.3 per cent which is the fastest rate in nine months but sales volumes are still lower than usual for March."

"The Tauranga and Hamilton markets are still rising but again at much slower rates than the previous two years," Rush said.

Discover more

New Zealand

Bella Vista Homeowners face heartbreak and homework

16 Mar 06:00 PM

Planners tackle major issues at Tauranga conference

20 Mar 02:30 AM
Investment

Tauranga housing stock valued at $34b

20 Mar 06:49 PM
Business

Tauranga's $34 billion housing stockpile

25 Mar 06:16 PM
Save

    Share this article

Latest from Bay of Plenty Times

Bay of Plenty Times

Māori fighter stars in Netflix boxing event

07 Jul 01:24 AM
Bay of Plenty Times

Police search for suspect after man shot in leg

06 Jul 10:51 PM
Bay of Plenty Times

Teen's sudden cancer diagnosis puts close-knit family on 'rollercoaster ride'

06 Jul 06:00 PM

From early mornings to easy living

sponsored
Advertisement
Advertise with NZME.

Latest from Bay of Plenty Times

Māori fighter stars in Netflix boxing event

Māori fighter stars in Netflix boxing event

07 Jul 01:24 AM

Cherneka Johnson's fight will stream live on Netflix, a first for a Kiwi boxer.

Police search for suspect after man shot in leg

Police search for suspect after man shot in leg

06 Jul 10:51 PM
Teen's sudden cancer diagnosis puts close-knit family on 'rollercoaster ride'

Teen's sudden cancer diagnosis puts close-knit family on 'rollercoaster ride'

06 Jul 06:00 PM
Premium
Balancing power: What the employment law changes mean for you

Balancing power: What the employment law changes mean for you

06 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