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 up 4.5 per cent

Zoe Hunter
By Zoe Hunter
Bay of Plenty Times·
14 Aug, 2018 09:13 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

Tauranga house prices have jumped 3.1 per cent year-on-year. Photo/File

Tauranga house prices have jumped 3.1 per cent year-on-year. Photo/File

Tauranga house prices have jumped 4.5 per cent year-on-year, according to new data.

Data released today from the Real Estate Institute of New Zealand shows the median house price in Tauranga jumped to $635,000 in July 2018 from $607,500 in July 2017.

However, the median house price in Tauranga dropped 3.1 per cent from $655,000 in June 2018 to $635,000 in July 2018.

Western Bay of Plenty house prices dropped 0.9 per cent to $565,000 last month from $570,000 in July 2017.

The median house price also dropped 13.2 per cent in just one month to $565,000 in July 2018 from $651,000 in June 2018.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

REINZ regional director Philip Searle said the Bay of Plenty market was still seeing low stock levels with a number of new listings attracting multi-offers.

"First home buyers' interest has cooled which could be an effect of the lower listing numbers," he said.

"Investor numbers are jumping and are up to 60 per cent of the total buyer interest, and most of the investors are locals who know the area well."

Advertisement
Advertise with NZME.

Searle said the low listing numbers were keeping the prices strong with vendors' expectations remaining at the same levels.

"We are starting to see early signs of a spring influx of listings as these are picking
up now and hopefully the buyers will also come along."

Discover more

Bay on track to be 'regional powerhouse'

23 Jul 05:00 AM

How long are houses in your suburb taking to sell?

27 Jul 07:00 PM

Demand for luxury homes up on last year, but slowdown may be coming

03 Aug 07:00 PM
Business

80 brand new homes from $200K in development plan

07 Aug 07:00 PM
Save

    Share this article

Latest from Property

Premium
Property

'Not much': $7200 fine for landlords breaching healthy homes standards too low

29 Jun 09:00 PM
Premium
Property

All rentals must meet five Healthy Homes standards by July 1

17 Jun 11:00 PM
Property

Mount Maunganui section bought for £4000 sixty years ago - what will it sell for now?

12 Jun 08:26 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 Property

Premium
'Not much': $7200 fine for landlords breaching healthy homes standards too low

'Not much': $7200 fine for landlords breaching healthy homes standards too low

29 Jun 09:00 PM

'Purpose not to deliver healthy homes but to set minimum standards for habitability.'

Premium
All rentals must meet five Healthy Homes standards by July 1

All rentals must meet five Healthy Homes standards by July 1

17 Jun 11:00 PM
Mount Maunganui section bought for £4000 sixty years ago - what will it sell for now?

Mount Maunganui section bought for £4000 sixty years ago - what will it sell for now?

12 Jun 08:26 AM
Premium
New, never-lived-in Auckland apartment project up for mortgagee sale

New, never-lived-in Auckland apartment project up for mortgagee sale

09 Jun 04:00 AM
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