House Price and Mortgage Guide - Tauranga

North Island Including Tauranga
REINZ Average House Prices For Selected Towns

Location	Average House Price July 2006
Whangarei	$260,000 - $290,000
Hamilton	$300,000 - $310,000
Tauranga	$330,000 - $350,000
Napier	$280,000 - $300,000
New Plymouth	$270,000 - $290,000
Palmerston North	$230,000 - $250,000

House Prices

The house bands quoted above are based on median prices. This means that approximately half of the houses on the market will sell for more than the quoted band and half for less. For example, in the case of Hamilton, roughly half of the properties on the market in Hamilton will sell for more than $310,000 and roughly half will sell for less than $300,000. The median is the standard method of measuring average house prices in New Zealand.

Tauranga and Napier
Tauranga's house prices are amongst the highest provincial prices in New Zealand, with beachfront property particularly sought after. Tauranga, with a population in 2006 of 108,000 is the Bay of Plenty's largest city. It enjoys a warm, sunny climate with very mild winters. Citrus fruits and kiwi fruits are grown in large quantities around Tauranga. Tauranga has become New Zealand's most popular retirement resort. Keen demand for housing has driven up house prices in and around Tauranga. Tauranga is also popular - as is Napier, in the Hawkes Bay - with migrants seeking a warm, sunny climate. Both Tauranga and Napier enjoy over 2,200 hours of sunshine each year.

Palmerston North has very affordable house prices and is home to Massey University. Whangarei is in Northland - the winterless north. Winters here are mild but can also be wet.