Tauranga: The lure of the golden hue

Tauranga has well and truly shed its reputation as a haven for retirees. 

After enjoying a buoyant market nearly a decade ago, it was hit hard along with the rest of the country by the Global Financial Crisis. But the property market in Tauranga, Mount Maunganui and Papamoa is now backing on track – and then some. Real Estate Institute of New Zealand (REINZ) figures show sale numbers have been on the rise.

In November, sales volume leapt 36% compared with the same period last year. Median house prices in Tauranga reached $450,000 while neighbouring areas of Mount Maunganui/Papamoa reached $582,000.

Associate member of REINZ and Bayleys salesman Dickie Burman says things are much brighter this year.