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Investment Property Otumoetai, Bay of Plenty

Suburb Snapshot

Otumoetai is a suburb in the Tauranga Region of Bay of Plenty. Otumoetai has a population of 7,203 people and 30.30% of its occupants live in rental accommodation. The median listing price for houses is $950,000 and this has changed 4.40% over the past year and changed -3.70% over 2 years.

The median rent in Otumoetai for houses is $685 per week and the median rental yield is 3.75%. Stock on the market for houses/townhouses has changed NA compared to last year and the average time to sell a house/townhouse is 69 days.The median listing price for units is $635,000 and this has changed 3.50% over the past year. The average unit takes 108 days to sell and the median rent for a unit in Otumoetai is $570 per week, producing a rental yield of 4.67%.

Supply & Demand in Otumoetai, Tauranga

112,115

Population


33.09%

Rental population


271,017

Population


32.26%

Rental population


This is information is brought to you by realestateinvestar.co.nz - The online home for property investors

Statistical data for Otumoetai, Tauranga

  House Townhouses Units
Median listing price $950,000 NA $635,000
Median price change - last quarter 6.56% NA 0.00%
Median price change - 1 year 4.40% 3.50% 3.50%
Median price change - 2 years -3.70% NA -21.35%
  House Townhouses Units
Median weekly rent $685 $650 $570
Median yield % 3.75% NA 4.67%
Median rent change - 1 year 0.74% NA 3.64%
  House Units
Average days on market 69 108

Otumoetai investment property listings

Showing 5 of 75 investment properties found in Otumoetai on realestateinvestar.co.nz

48A Ngatai Rd, Otumoetai

$930,000

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Great Buying In Sort After Otumoetai

G.J. Gardner Homes House and Land Package featuring the Bay design. This charming two-bedroom, one-bathroom home sits on a 439m² section in the sought-after Otumoetai area. Offering a comfortable living space, this property is perfect for first-time buyers, downsizers, or ...

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Bay Of Plenty 3110


95 and 97 Beach Rd, Otumoetai

$2,650,000

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Two on Beach

The more valuable properties around the world invariably have an association with water. Waterfront property has maintained its valuable status by nature of the limitation of coastline, lakeside and shoreline. Properties that are at the edge of earths living water fall not only into a rare ...

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Bay Of Plenty 3110


336 Otumoetai Rd, Otumoetai

$755,000

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Elevated and full of potential

Pivotally addressed between Cherrywood Village and Brookfield New World, this sizable property has wonderful west-facing vistas across Carlton Street Reserve capturing the Kaimai Ranges and inner harbour waters. The home is being sold as a deceased estate and has great potential, not just for ...

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Bay Of Plenty 3110


45 Ridge St, Otumoetai

$650,000

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Health Drives New Direction

Situated in a sought-after neighbourhood, this solid 1970's home presents an incredible opportunity for first-home buyers, small families, investors, or downsizers! Recently refreshed and modernized throughout, this home is ready for you to move in and enjoy, or take it a step further and unlock ...

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Bay Of Plenty 3110


43B Seaway Tce, Otumoetai

$1,499,000

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View to the Mount, Matakana & Port of Tauranga

G.J. Gardner Homes House and Land Package featuring the Remarkables design. This 4 bedroom home offers a wonderful blend of suburban living with close access to both urban conveniences and natures beauty. The suburb is known for its beautiful views, including vistas of the ...

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Bay Of Plenty 3110


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