Tauranga's housing market activity and demand has slowed, but home values continue to increase. PHOTO/FILE
Tauranga's housing market activity and demand has slowed, but home values continue to increase.
The latest QV statistics, released today, showed Tauranga City home values had risen 28.1 per cent in the year since September 2015, and 7.4 per cent in the last three months.
The average value of Tauranga
sat at $644,297, and Western Bay of Plenty district was $574,993.
Western Bay home values had increased 29.3 per cent in the year since September 2015, and 9.2 per cent in the last three months.
QV home value Tauranga registered valuer David Hume said activity had slowed due to investor requirements of 40 per cent deposits, instead of 20 per cent.