NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

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 / Property

Rotorua property market driven by affordability, but agents say there's a shortage of listings

Zoe Hunter
By Zoe Hunter
Bay of Plenty Times·
2 Oct, 2019 06:00 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

    Reminder, this is a Premium article and requires a subscription to read.

Rotorua's median house price jumped 7 per cent to $450,000 in the last year. Photo / File

Rotorua's median house price jumped 7 per cent to $450,000 in the last year. Photo / File

The sun is shining, lambs are being born and flowers are starting to bloom. They're signs that spring is well and truly here, which means summer must be just around the corner. The springtime also means the sun is shining on the property market. Prospective buyers have woken from their winter slumber and people have more of a spring in their step. Houses, particularly in the Bay of Plenty, look much better on the market during this time of year. Property Reporter Zoe Hunter talks to real estate agents about what to expect in the coming months.

Rotorua's property market has experienced a strong start to spring, with affordability being the main driver of the city's popularity.

However, some agents say a shortage of affordable property listings was the city's biggest challenge.

Figures from OneRoof and its data partner Valocity show Rotorua's median sales price jumped 7 per cent to $450,000 in the year to September.

James Wilson, Valocity director of valuation and innovation. Photo / File
James Wilson, Valocity director of valuation and innovation. Photo / File
Advertisement
Advertise with NZME.

James Wilson, Valocity director of valuation and innovation, said Rotorua's property market had remained buoyant.

Wilson said the majority of properties (19.9 per cent) sold between the $400,000 to $500,000 price bracket.

"The comparative affordability continues to be one of the main drivers of Rotorua's popularity, appealing to first home buyers in particular."

First-home buyers represented nearly a quarter (24.3 per cent) of all new registrations last month.

Advertisement
Advertise with NZME.
Simon Anderson, chief executive of Realty Group, which operates Eves and Bayleys. Photo / File
Simon Anderson, chief executive of Realty Group, which operates Eves and Bayleys. Photo / File

Simon Anderson, chief executive of Realty Group, which operates Eves and Bayleys, said a shortage of listings had continued to be the biggest challenge in Rotorua.

"There is a sheer lack of properties on the market at that affordable level."

Discover more

Property

Rotorua house sales total more than $600 million

03 Sep 10:04 PM
New Zealand

Revealed: Rotorua's best and worst suburbs for rental return

13 Sep 10:29 PM
Property

Rotorua's fastest-selling suburbs revealed

07 Sep 08:00 PM
Property

Tauranga cheaper to trade up than Rotorua

28 Sep 01:00 AM

Tremains Real Estate Rotorua manager Malcolm Forsyth said properties in the $350,000 to $500,000 price bracket were most popular.

"Rotorua is a very affordable market . . . But there is a real shortage of stock.

"We have had a real purge on that $350,000 to $500,000 market. That is probably what has helped keep prices up."

Tremains Real Estate Rotorua manager Malcolm Forsyth. Photo / File
Tremains Real Estate Rotorua manager Malcolm Forsyth. Photo / File

First National principal and Rotorua REINZ spokeswoman Ann Crossley was disappointed there had not been a spring lift in listings.

"It means the spring market is going to remain tight. People are going to have to make decisions if they want to buy property."

First National principal and Rotorua REINZ spokeswoman Ann Crossley. Photo / File
First National principal and Rotorua REINZ spokeswoman Ann Crossley. Photo / File


Rotorua's hot suburbs for sale price growth:
Glenholme 37.4 %
Owhata 31.5 %
Fenton Park 16.2 %
Ngongotaha 15.9 %
Victoria 15.2 %
Source: OneRoof Valocity

Advertisement
Advertise with NZME.
Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

Latest from Property

Property

Gruesome saw death comes up during sale of ‘munted’ cottage

06 Jul 08:17 AM
Property

‘Eight weddings and a funeral’ - School turned into giant family home

06 Jul 08:05 AM
Property

Tony Alexander: Supply and demand 101 - buyers to reign supreme until 2026

06 Jul 08:00 AM

Audi offers a sporty spin on city driving with the A3 Sportback and S3 Sportback

sponsored
Advertisement
Advertise with NZME.

Latest from Property

Gruesome saw death comes up during sale of ‘munted’ cottage

Gruesome saw death comes up during sale of ‘munted’ cottage

06 Jul 08:17 AM

Previous owner died in horrible circumstances, but buyer didn't seem to mind.

‘Eight weddings and a funeral’ - School turned into giant family home

‘Eight weddings and a funeral’ - School turned into giant family home

06 Jul 08:05 AM
Tony Alexander: Supply and demand 101 - buyers to reign supreme until 2026

Tony Alexander: Supply and demand 101 - buyers to reign supreme until 2026

06 Jul 08:00 AM
Mega-mortgagee sale: Who has $60m to buy an entire apartment block?

Mega-mortgagee sale: Who has $60m to buy an entire apartment block?

05 Jul 07:56 AM
Gold demand soars amid global turmoil
sponsored

Gold demand soars amid global turmoil

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
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • 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