Rotorua values slowly rising
According to the latest QV House Price Index, Rotorua values recorded a small year-on-year increase of 0.3%, which has left the average value at $271,414.
But they dropped by -1.6% over the last three months and, and since the last market peak in 2007, the Rotorua’s value have fallen by -7.6%.
QV’s Rotorua valuer Nicky Harris said that values were definitely still below the 2007 peak.
However, she was surprised by the three month figure and thought the average may have been skewed by a high number of sales at the lower end of the market.
In her view, Rotorua values are generally increasing - albeit slowly and sedately.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)