The rent prices in real estate in Rotorua, in the Bay Of Plenty region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Rotorua has risen strongly during the last 6 months. In October, the average price per m² was . In the following month the price per m² rose considerably to $5.51. The price for the following two months in (December, January) had a considerable rise of 226 %. The price per m² has had a considerable rise of 137 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $4.49 to $6.16 during February, and March.
When referring to the price in Rotorua (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching $30,717. During the following two months (December, January) the average price had a considerable rise of 224 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 134 % during the last two months.