Wednesday, May 23, 2012
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First home buyers keen on Opotiki

First home buyers and kiwifruit orchardists are investing in Opotiki property despite recent figures putting it in the bottom 10 places for value. Figures from Quotable Value New Zealand show the average house prices in the Opotiki area have dropped by 9.4 per cent in the year ending in August. With an average house price of $156,722, Opotiki sits...

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Tauranga property market stable

QV’s residential price index for July shows that property values in Tauranga are 1.7 per cent lower than at the same time last year. QV Valuations registered valuer Shayne Donovan-Grammer says values in recent months continue to be steady. “There has been no significant change to the Tauranga market over the last month or two,”...

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Good tenants in BOP

Eight Housing New Zealand tenants have been evicted from their state houses in the Bay of Plenty over the last year for lying to their landlord. Another four are facing prosecution. Overall, Housing NZ regards the numbers as “not too bad” as the Bay of Plenty extends from Katikati to Whakatane and south to Taupo, including Tauranga and...

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Property sale numbers drop

The latest figures from the Real Estate Institute of New Zealand show property sale quantities in the broader Tauranga region are down. For the three month period ending June, the median sale price for a property in the Mount Maunganui and Papamoa area was $420,000. This was well up on the median sale price for the May period of $375,150, but the number...

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Tauranga property market flat

The Tauranga property market remains flat with the latest QV residential property index showing values are steadily low. This marginally opposes the national trend which showed overall values increased in the three month period ending June, with QV research director Jonno Ingerson indicating this was driven by the Auckland market. The QV index for...

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Bay auctioneer finishes second

Harcourts auctioneer Kerry McCormick has finished second at the 2011 REINZ National Real Estate Auctioneers Championships. “I thought it was great. I competed in the novice section, which is for people who have done less the 10 live auctions for real estate,” says Kerry. “We were put into lock-up and then brought out one-by-one to...

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Slight incline in property market

The latest real estate sales figures from the Real Estate Institute of New Zealand show the median sale price of properties in Tauranga and Mount Maunganui Papamoa areas is rising. For the three month period ending May, the median sales price of a Tauranga property increased to $330,000 from $320,000 in the April period. The number of sales in the...

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Property market stagnancy remains

QV Valuations’ latest property market summary shows the Tauranga market is continuing to fall. QV’s residential price index shows the average sales price in Tauranga is only 88 per cent of what it was at its pre-recession peak in the third quarter of 2007. Calculated using sales data for the three month period ending May this year, the...

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Property sale prices down

Property sale prices in Tauranga and the Mount Maunganui and Papamoa areas are down according to the Real Estate Institute of New Zealand. The latest REINZ figures show in the three month period ending April this year, the median sale price for a Tauranga property was $320,800. This is down on the $360,000 figure recorded for the March period and...

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Top consultants in Tauranga

Two of Harcourts’ top three sales consultants working in the company’s central region are based in Tauranga. At the Harcourts end of year awards ceremony held at the Rotorua Convention Centre last week, Bethlehem consultant Steve Godfrey was named the ‘Number Two Sales Consultant’ and Sue Hooper from Cherrywood claimed the...

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