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

Rotorua sees 16 sales over $1m in six months, new figures show

Katee Shanks
By Katee Shanks
Multimedia journalist·Rotorua Daily Post·
12 Aug, 2018 07:00 PM3 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

The top price paid for a Rotorua house in the first six months of 2018 was $2.5 million.

The four-bedroom home was one of 16 Rotorua homes to have sold for $1m or more in the first half of this year.

The highest price paid for an apartment during the first six months of 2018 was $1.3m for a three-bedroom abode, according to figures from the Real Estate Institute of New Zealand.

Last year, 11 Rotorua residential properties reached the million-dollar mark in the whole year.

Read more: Rotorua property aiming to fetch more than $3m at auction
Rotorua market closing gap on buy or build options
Rotorua house prices hold their own in current market
Rotorua buyers need to be cash-ready to secure house

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

The $1m-plus sales this year were in suburbs including Ngongotahā and Lake Ōkareka.

Last year the sales were in lakeside locations including Rotoiti, Lake Okataina, Lake Tarawera and Hamurana.

Harcourts Rotorua sales consultant Hielke Oppers said the increase could be put down to natural growth.

Advertisement
Advertise with NZME.

"Houses that were selling for $800,000 to $900,000 last year have now hit the million-dollar mark simply because of the continuing increase in Rotorua house prices," Oppers said.

"That's natural growth."

A few years ago it was only lakefront properties fetching more than $1 million, he said, but now homes in other suburbs, like Lynmore, had also hit the mark.

"The other important factor is Rotorua is now seen as a destination place for buyers instead of a poor cousin to the likes of Hamilton and Tauranga."

Discover more

Lynmore houses attractive but expensive

15 May 08:34 PM

Rotorua homeowners selling at profits

06 Jun 07:00 PM

Rotorua house prices enjoy further rise

17 Jun 12:19 AM
New Zealand

High-end Lake Ōkareka home on market

12 Aug 07:30 PM

On property website OneRoof yesterday there were three houses being marketed at more than $1m, plus others being sold at auction.

Those for sale on OneRoof were at Tikitere ($1.9m), Pomare ($1.45m) and Lake Ōkareka ($1.275m).

First National Rotorua principal Anne Crossley said the Rotorua market had "caught up on itself".

"The increase in house prices has pushed the top end properties over a million.

"Our market has caught up to itself in that where lake properties had sat on the market for some time, they have sold this year because of what's on offer.

"If a buyer really wants to live in Rotorua, they'll go higher and higher until they get what they want."

Advertisement
Advertise with NZME.

Crossley believed Rotorua had more high-end stock this year than last.

"It's those high-end sales pushing Rotorua's average house price upward."

Professionals McDowell Real Estate co-owner Steve Lovegrove said without knowing the locations of the 16 properties, it was hard to know what people were getting for their seven-figure price tag.

"Any of those sales could have been a four-bedroom home on a 2000 sq m section or a small block ready for development.

"But I can say that most of the people looking at the high end homes want spacious living areas and bedrooms, large outdoor areas and, in some cases, views of the lake."

He said buyers had changing perceptions of Rotorua.

Advertisement
Advertise with NZME.

"People want to come here for the lifestyle. And if they can get a good home, with a large section and lake views for around $1m – they're really happy. Particularly people coming from Auckland, Hamilton or Rotorua."

Save

    Share this article

Latest from Property

Premium
Rotorua Daily Post

Govt considering 'demolition' for Chateau Tongariro, deemed a ‘fiscal risk’ in Budget 2025

02 Jun 05:00 PM
Premium
Property

'Past the first hurdle' - Fletcher Living on progress at $500m The Hill

11 May 07:00 PM
Premium
Business

'Largest portfolio' – $600m+ deal for seven NZ hotels to be sold

07 May 02:30 AM

Jono and Ben brew up a tea-fuelled adventure in Sri Lanka

sponsored
Advertisement
Advertise with NZME.

Latest from Property

Premium
Govt considering 'demolition' for Chateau Tongariro, deemed a ‘fiscal risk’ in Budget 2025

Govt considering 'demolition' for Chateau Tongariro, deemed a ‘fiscal risk’ in Budget 2025

02 Jun 05:00 PM

Options are being investigated for the site, 'including demolition'.

Premium
'Past the first hurdle' - Fletcher Living on progress at $500m The Hill

'Past the first hurdle' - Fletcher Living on progress at $500m The Hill

11 May 07:00 PM
Premium
'Largest portfolio' – $600m+ deal for seven NZ hotels to be sold

'Largest portfolio' – $600m+ deal for seven NZ hotels to be sold

07 May 02:30 AM
House prices down in most regions in year to March

House prices down in most regions in year to March

14 Apr 10:09 PM
Help for those helping hardest-hit
sponsored

Help for those helping hardest-hit

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