The rent prices in real estate in Tauranga, in the Oroua County 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 Tauranga has risen strongly during the last 6 months. In October, the average price per m² was $3.87. In the following month the price per m² rose considerably to $4.64. The price for the following two months in (December, January) had a considerable rise of 225 %. The price per m² has had a considerable rise of 144 % 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 $6.92 to $9.94 during February, and March.
When referring to the price in Tauranga (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $766. During November the price went through a considerable rise reaching $3,688. During the following two months (December, January) the average price had a considerable rise of 240 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $3,787 to $1,756.5, which means a 46 % fall.