It’s not just Aucklanders scrambling to afford property – median values for suburbs in Tauranga, Rotorua and Hamilton continue to climb.
Each of Tauranga’s 17 suburbs have increased by at least 20.5 per cent in the year to June. Rotorua and Hamilton have both had increases of 17 per cent in all of their suburbs. But only seven of Auckland’s 167 suburbs experienced a rise in values of more than 20 per cent.
In Auckland the number of $1 million-plus suburbs has climbed to an all-time high, with 90 this year compared with only seven in 2007.
Goodall said a growing number of Aucklanders had turned to Tauranga in search of a cheaper property.
Read more here: http://www.nzherald.co.nz/property/news/article.cfm?c_id=8&objectid=11703683
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