Demand for Tauranga Shows No Signs of Slowing

18 December, 2018

Since arriving in the Bay of Plenty in 2017, Tall Poppy has sold 128 properties, achieving $33 million worth of sales, and demand for property shows no signs of slowing.

Thousands of people move to Tauranga each year.  In some areas, our agents report 30 to 40 per cent of sales go to people new to the district.

This growth aligns with Tauranga City Council’s predictions the population will increase to 145,800 people by 2023. Between 2017 and 2018, $350 million worth of commercial investments were made, 1260 new housing consents were granted and, the average house price also climbed to $700,000.

Janet O’Shea, Owner of Tall Poppy Tauranga South Franchise, says the growth is extraordinary, especially around the Pyes Pa area.

“The Lakes subdivision is being built very quickly. One week you will drive through an area that has sections being laid out, and two to three weeks later houses are going up”

Janet O’Shea believes the commercial development will help spur growth over the next 12 months.

 “There are a large number of projects underway - Tauranga Crossing, the Bayfair redevelopment and the Tauranga Campus of the University of Waikato is due to open in 2019 - all of these make Tauranga more attractive,” says Janet O’Shea.

Susan Northey, Tall Poppy Tauranga Central Franchise Owner, believes higher paying local jobs are attracting people from outside of the region.

“The Port of Tauranga has always been a strong driver of growth, but now we’re seeing more national brands’ head offices located here, leading to higher-paying jobs and additional business growth. 30 to 40 per cent of the sales we’re making are to people outside of Tauranga who want the unique lifestyle we can offer without having to compromise in their work”.

Te Puke is set to be the next area for growth - Logan Crawford, local Tall Poppy agent calls it a ‘super growth town’.

“Te Puke has it all… the lifestyle, community, and local culture. Not only all of this, but it also has new housing developments and investment in infrastructure. All of this is within a short drive from Papamoa and Tauranga’s CBD”.

Now, we have our sights set on Mount Maunganui, building on our success to date. Michael Seymour, says the growth in Tauranga is pretty special.

“It’s one of our best and fastest selling regions. The massive success of Omokoroa and Katikati - where Tall Poppy is impossible to ignore - and now the same growth happening in Southern and Central Tauranga and Papamoa, really leaves the Mount as the next obvious target! The Mount is one of New Zealand’s premier real estate markets and one we’re keen to establish a franchise in”.