Rotorua Daily Post
  • Rotorua Daily Post 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
    • All Lifestyle
    • Residential property listings
  • Property
    • All Property
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
  • Rural
  • Sport

Locations

  • Tauranga
  • Te Puke
  • Whakatāne
  • Rotorua
  • Tokoroa
  • Taupō & Tūrangi

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales

Weather

  • Rotorua
  • Tauranga
  • Whakatāne
  • Tokoroa
  • Taupō

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 / Rotorua Daily Post

REINZ: Rotorua hits new median house price record of $617k

Rotorua Daily Post
11 Mar, 2021 12:25 AM2 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

Rotorua has reached a new median house price record of $617,000. Photo / Getty Images

Rotorua has reached a new median house price record of $617,000. Photo / Getty Images

Rotorua has reached a new median house price record of $617,000.

The latest Real Estate Institute of New Zealand figures show median house prices in the Bay of Plenty region reached a record $848,250 in February - up 26.8 per cent year-on-year.

Record median house prices were also reached in Rotorua District ($617,000), Tauranga City ($905,000) and the Western Bay of Plenty District ($855,000).

Rotorua's median house price had jumped 21.7 per cent from $507,000 in February 2020 and was up 2.8 per cent from $600,000 in January 2021.

Tauranga's median house price had jumped 23.1 per cent from $735,000 in February 2020 and was up 6.2 per cent from $852,000 in January 2021.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

REINZ regional director Neville Falconer said at $905,000, Tauranga City was now more expensive than Auckland's Franklin District ($827,000) and Papakura District ($822,000).

"Demand for good properties has remained high and purchasers are quick to act on new
listings with median days to sell down to 30 days, from 45 days in February 2020," he said.

"This is the lowest median days to sell for a February month on record."

Advertisement
Advertise with NZME.

Falconer said auctions continue to be a popular method of sale, as 47.8 per cent of all February sales were made by auction, up from 18.9 per cent at the same time last year.

"Access to finance is still difficult, particularly for first-time buyers or purchasers with low equity.

"Looking forward, we would expect prices to remain under pressure unless we can
see an uplift in supply."

Discover more

'Unheard of': Million-dollar sales becoming more common in Rotorua

21 Feb 05:00 PM

'Huge': $1 million-plus sales soar in small seaside holiday towns

19 Feb 05:00 PM

'Hidden gem': Kawerau median house price climbs 200pc in 9 years

24 Jan 12:02 AM

Living by the lakes: Rotorua lakefront property demand 'amplified'

20 Jan 05:00 PM
Save

    Share this article

Latest from Rotorua Daily Post

Rotorua Daily Post

Median house price falls in Auckland, increases in regions

Rotorua Daily Post
|Updated

Vaccine decline threatens 95% target as hesitancy grows

Premium
Editorial

Editorial: Hoons in cars and on bikes have no place in our communities


Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

Advertisement
Advertise with NZME.

Latest from Rotorua Daily Post

Median house price falls in Auckland, increases in regions
Rotorua Daily Post

Median house price falls in Auckland, increases in regions

Reinz report shows sales volumes below expected, more days to sell.

14 Jul 09:54 PM
Vaccine decline threatens 95% target as hesitancy grows
Rotorua Daily Post
|Updated

Vaccine decline threatens 95% target as hesitancy grows

14 Jul 09:34 PM
Premium
Premium
Editorial: Hoons in cars and on bikes have no place in our communities
Editorial

Editorial: Hoons in cars and on bikes have no place in our communities

14 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

06 Jul 09:47 PM
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
  • Rotorua Daily Post e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Rotorua Daily Post
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • Rotorua Daily Post
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • 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