Tauranga’s housing market activity has slowed in 2017. An average house price is still a healthy $686,000. Even though sale volumes have dropped, home prices continue to rise. The average value has been pushed up because of increasing demand for $1 million+ homes and less transactions in low-end properties.
The lower price bracket often favoured by investors is impacted by LVR restrictions, banks tightening lending standards, and slightly higher interest rates.
If you’re one of the 11,000 Tauranga landlords, myRent can help to manage and advertise your property. myRent offers simplified, flexible, intuitive property management for only a 1% fee and Tauranga property advertising on myRent, Trade Me, realestate.co.nz, OneRoof, Homes.co.nz and myRent and for a one-off fee of $75.
What does the average renter in Tauranga looks like?
38 Years Old
Number of renters in each age category
Median renters household income
88% drive to work and it takes on average 15 mins
Number of bedrooms preference
Number of cars per household
Number of renters who have access to internet
Number of renters who have access to mobile phone
Average rent in Tauranga
To see how myRent can help you with rental property management in Tauranga and to make your property advert seen by more potential tenants, follow the link below.
Sources of stats: Hamilton City Council, Hamilton's Housing Market and Economy: Growth Indicator Report, March 2017. CoreLogic New Zealand Monthly Property Market & Economy Update May-June 2017. QV.co.nz. Statistics New Zealand. (2013). Profile and summary reports. NZ Herald, 2017, 'Tauranga housing market stabilises'. Hall, C., NZ Herald, 2017, 'Tauranga house sales drop 26 per cent'.Hunter, Z., NZ Herald, 2017, 'Tauranga housing market flattening off, experts say'. Positive real estate, 2017 Property Investor's Guide to the Market