Tauranga's lower valued southern suburbs have emerged as the big movers in Tauranga's property market, with one house selling for nearly 80 per cent above the council's 2015 rating valuation. The next biggest increase was a property in Stirling Grove, Greerton, that sold for $560,000 - up 73 per cent in 13 months. Rating valuations were independently assessed using mass appraisal techniques including an analysis of sales during the revaluation year. Tauranga Harcourts managing director Simon Martin said these suburbs had price points that appealed to a lot of people. And although he took rating valuations "with a grain of salt" because they were historic and came out of a computer generated programme, they did give an indication of where a market or an area of the city was tracking.

Source: New Zealand Herald February 03, 2017 18:03 UTC