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Statistics

 

MONTHLY STATISTICS
Source: Harcourts Rotorua Finance Research Centre

The median sale price for Rotorua properties for the month of JUNE 2018 was $440,000 up from $385,250 for the month before and up from $355,000 for the same period last year. The number of sales for JUNE 2018 was 96 down from 122 for the month before, and up from 84 sales for the same period last year. The average days on the market for JUNE 2018 was 31 days, down from 39 for the month before and down from 34 days for the same period last year.

 

Median house values in Rotorua

Suburb

   2016*

   2017*

   2018*

Fairy Springs

$235,750

$284,200

$335,300

Fordlands

$127,750

$163,450

$184,600

Glenholme

$337,350

$397,000

$457,800

Hillcrest

$283,000

$327,600

$389,150

Kawaha Point

$381,500

$443,650

$494,400

Koutu

$199,900

$252,300

$296,600

Lynmore

$459,350

$550,050

$597,400

Mangakakahi

$222,700

$274,450

$313,350

Ngongotaha

$300,050

$362,850

$414,150

Owhata

$289,800

$362,700

$404,000

Pukehangi

$288,850

$348,350

$388,450

Springfield

$393,150

$474,050

$502,250

Utuhina

$267,900

$322,650

$379,500

Western Heights

$202,400

$249,650

$297,650

*As of March                                                             Source: qv.co.nz

 

BEST PERFORMING SUBURBS in ROTORUA

Suburb

Median Sale Price
2015                         2017

2 year
% change

Koutu

153,500

275,000

79%

Mangakakahi

200,000

326,000

63%

Ngongotaha

233,500

378,000

62%

Western Heights

169,000

266,500

58%

Kawaha Point

330,000

490,000

48%

Pukehangi

230,000

339,500

48%

Owhata

248,500

345,000

39%

Lynmore

410,000

560,000

37%

Sunnybrook

262,000

353,000

35%

Glenholme

315,000

418,000

33%

Springfield

385,000

495,375

29%

Victoria

260,000

312,500

20%

Excerpt from NZ Property Investor Magazine February 2018
 

 

NEW ZEALAND PROPERTY MAGAZINE  -  AUGUST 2018
ROTORUA RENTAL RETURNS 

 Rental Area  Dwelling  Bedrooms  Bonds Lodged
last 3 months
 Rent
Quartile
Range
Current  1 Yr
Change
 5 Yr
Change
Holdens Bay/
Owhata/Ngapuna
  House  3 21 347 - 465 410 13.9%

54.7%

Kuirau/Hillcrest/
Glenholme
 Flat  2 39 250 - 307 265 3.9% 32.5%
Kuirau/Hillcrest/
Glenholme
 House 2 17 276 - 358 320 10.3% 28.0% 
Kuirau/Hillcrest/
Glenholme
House   3 40 360 - 450 415 15.3% 48.2%
Pukehangi South/
Springfield
 House  3 32 380 - 447 400 9.6% 37.9%
Ngongotaha/Pleasant
Heights/Koutu  
 House    2 28 270 - 300 280 5.7% 33.3%
Ngongotaha/Pleasant
Heights/Koutu  
 House   3 107 350 - 385 360 9.1% 37.4%
Ngongotaha/Pleasant
Heights/Koutu
House 4 13 357 - 438 400 2.6% 29.0%

 


ROTORUA REAL ESTATE - MARCH 2018

PRICE BRACKET SOLD ON THE MARKET
101,000 - 200,000 7 11
201,000 - 300,000 21 31
301,000 - 400,000 36 46
401,000 - 500,000 20 38
501,000 - 600,000 9 33
601,000 - 900,000 24 62

 

                                   MEDIAN SALE PRICE 

  2018 2017   2016 2015  2014
 Jan 360,000 326,500   265,000  255,000 230,000
 Feb 373,500 317,500  288,000  240,000 288,250
 March 345,250 353,000  270,000  262,550 225,500
 April 422,000 340,000  275,100  269,000 246,000
 May 385,250 357,500  285,250  240,000 242,500
 June   355,000  285,000  276,000 235,000
 July   341,000  315,050  250,000 250,000
 Aug   350,000  325,000  248,000  248,000
 Sept   335,000  300,000  264,500  287,000
 Oct   354,813  371,750  246,000  275,000
 Nov   409,500  327,500  258,000  265,000
 Dec   387,500  295,000  250,000  255,000

 

NUMBER OF SALES 

  2018      2017     2016     2015    2014   
 Jan    70   63 113   53 58
 Feb    88   97 143 101 72
 March    122 137 177 110 86
 April    119 120 189   85 55
 May    122 157 169 101 88
 June     84 186 107 58
 July     89 144 127 73
 Aug   105 144 171 73
 Sept     77 120 140 72
 Oct     84 112 166 96
 Nov     92 139 153 83
 Dec     84 116 135 79

 

DAYS ON THE MARKET 

  2018    2017     2016    2015   
 Jan 37 39 36 74
 Feb 44 44 54 72
 March 28 35 29 52
 April 35 42 31 59
 May 39 33 31 69
 June   34 26 53
 July   32 25 49
 Aug   27 26 52
 Sept   27 29 35
 Oct   30 28 28
 Nov   29 32 31
 Dec   29 30 31


PROPERTIES ON THE MARKET

  2018     2017      2016      2015      2014     
 Jan 300 361 440 779 736
 Feb 353 327 425 742 750
 March 293 327 412 710 893
 April 227 303 339 644 765
 May 223 259 304 616 726
 June   285 256 566 708
 July   285 295 513 677
 Aug   244 304 471 714
 Sept   259 307 481 790
 Oct   299 343 467 805
 Nov   315 340 466 763
 Dec   321 330 430 776

"The statistical information contained in this publication has been compiled from reports of sales made through real estate agents only. Although the statistics have been compiled from the best information available, the writer accepts no responsibility for the accuracy of the information. The information should not be relied upon solely as the basis for making any decision about a real estate transaction. Any person proposing to buy or sell property should seek professional advice as to the value of the property with which they are concerned."