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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 $992,000 and this has changed 7.88% over the past year and changed -1.08% over 2 years.

The median rent in Otumoetai for houses is $685 per week and the median rental yield is 3.59%. Stock on the market for houses/townhouses has changed NA compared to last year and the average time to sell a house/townhouse is 74 days.The median listing price for units is $699,000 and this has changed 7.37% over the past year. The average unit takes 101 days to sell and the median rent for a unit in Otumoetai is $570 per week, producing a rental yield of 4.24%.

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 $992,000 NA $699,000
Median price change - last quarter 6.56% NA 0.00%
Median price change - 1 year 7.88% 7.37% 7.37%
Median price change - 2 years -1.08% NA -17.54%
  House Townhouses Units
Median weekly rent $685 $650 $570
Median yield % 3.59% NA 4.24%
Median rent change - 1 year 0.74% NA 3.64%
  House Units
Average days on market 74 101

Otumoetai investment property listings

Showing 5 of 85 investment properties found in Otumoetai on realestateinvestar.co.nz

55 Hillcrest Rd, Otumoetai

$1,150,000

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With a view to education

A family of five or six, looking to nest for those all-important years of education will live harmoniously in this generously proportioned home. The address is in zone for Otumoetai Primary school, (years 1-6), Intermediate (years 7 & 8) and College (years 9-12), all within a 1500 m. radius. ...

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Bay Of Plenty 3110


114B Vale St, Otumoetai

$679,000

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114B Vale Street Otumoetai

Easy-Care Living in Prime Otumoetai – Offers Over $679,000 First home buyers, investors – this one's for you. Low-maintenance, move-in ready, and packed with potential – 114B Vale Street is your golden ticket into one of Tauranga's most desirable suburbs. ? 2 bedrooms + ...

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Bay Of Plenty 3110


63 Ngatai Rd, Otumoetai

$779,000

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On The Edge of Town

Presenting this snug and secure brick home, situated not far from the CBD. There are three good sized bedrooms, all able to accommodate a double/queen bed, and a functional family bathroom. The kitchen is practical and workable, and connects nicely with the open plan living space. A single ...

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Bay Of Plenty 3110


68 Milton Rd, Otumoetai

$699,000

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Make Your Magic on Milton

Discover an outstanding opportunity at 68 Milton Road, Otumoetai. This classic three bedroom, one bathroom house beckons renovators and developers with a vision to transform it into something truly special. Flaunting beautiful views and enticing water peeps from its expansive deck, it's a canvas ...

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Bay Of Plenty 3110


43 Lemon Grove Ave, Otumoetai

$2,290,000

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Reimagined Luxury

Set high along the Otumoetai ridge line, this beautifully reimagined residence blends timeless design with modern family function. Following an extensive, top to bottom renovation, the home now offers five bedrooms across two well considered levels, balancing everyday comfort with striking visual ...

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Bay Of Plenty 3110


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