What's happening with Tauranga house prices?

Council area of Bay of Plenty

Explore Tauranga's property market for the latest trends, house prices, market cycles, rental yields, and top investment suburbs

Author: Ed McKnight

Our Resident Economist, with a GradDipEcon and over five years at Opes Partners, is a trusted contributor to NZ Property Investor, Informed Investor, Stuff, Business Desk, and OneRoof.

Reviewed by: Laine Moger

Journalist and Property Educator with six years of experience, holds a Bachelor of Communication (Honours) from Massey University.

Last Updated: 24 Mar 2025

Copied

What's happening to Tauranga house prices?

The average price of a Tauranga property is $1,020,948 (CoreLogic, February 2025).

Quick Facts

The average price of a Tauranga property is $1,020,948 (CoreLogic, February 2025)
Over the last 3 months property prices in Tauranga have gone down 0.06%
Tauranga property prices increased 4.83% per year (on average) in the 20 years between February 2005 - February 2025 (REINZ)
The average rent in Tauranga is $695 per week (Tenancy Services, November 2024)

How are Tauranga property prices changing?

Tauranga house prices soared after the Covid-19 pandemic began. House prices started out 34% below the eventual peak of the market.

Where is Tauranga in its property cycle?

At the absolute bottom of its property cycle, Tauranga was 15.52% undervalued.

Tauranga suburb prices

I track the value of 20 suburbs in Tauranga. The most expensive suburb is Mount Maunganui, which has an average house value of $1,344,000. While the most affordable suburb is Parkvale, which has an average house value of $653,250.

Over the last 24 months of all Tauranga suburbs (February 2023 - February 2025, Bellevue had the slowest-falling house prices. They have gone down -0.56% over that period.

The suburb that fell the fastest over that period was Tauranga. Property values in this suburb fell by 5.44% over those 2 years.

What is the Tauranga rental market like?

Here's how rents are changing in Tauranga. Over the last four years (November 2020 - November 2024) the median rent has gone up $145 a week. That's 6.02% a year (on average).

Are properties selling above or below CV in Tauranga?

One of the most common questions I get asked is: “Ed, are properties selling above or below their Capital Value (CV)?”

Where do house prices grow the fastest in the Tauranga property market?

Where do house prices go up the fastest in Tauranga?

Which suburbs in the Tauranga property market have the highest yields?

Gross yields vary widely depending on which suburb you chose to investigate.

Other property markets to look into

If you found this article useful, then you might also like our analyses on the other property markets in New Zealand. You can read all about the Bay of Plenty property market here.