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‘Fart Factory’ property values jump 28 per cent

Posted by te2ataria on December 1, 2016

Sent by a reader

Scandalous government policies, immigration, foreign investors, tax incentives…, continue to inflate the housing market amid worsening homeless crisis

Rising values in Rotorua property market saw a whopping 27.7 per cent jump since last year.

The average current value for a house in Rotorua was $372,849, according to the QV House Price Index for November, released earlier today.

Nationwide, residential property values for November increased, yet again, by 12.4 per cent over the past year, to $624,675.

Compare:

New Zealand (Nationwide) average property value: $622,309 (2016), up from $552,345 (2015), a jump 0f 12.7%  [October 2016]

NZ (Main Urban Areas) average property value: $747,507 (2016), up from $664,096 (2015),  a jump of 12.6%

Auckland Area: $1,045,207 (2016), $918,153 (2015), a jump of 13.8%
https://www.qv.co.nz/property-trends/residential-house-values

US Property Values
The median home value in the United States is US$191,200. United States home values rose by 6.2% over the past year. The median rent price in the United States is US$1,550.

  • The median home value in Los Angeles is US$597,100. Los Angeles home values have gone up 8.2% over the past year.
  • The median home value in New York is US$614,200. http://www.zillow.com/home-values/

Does Rotorua really smell foul?

[Re: Does Rotorua smell bad?  “Yes, the place does stink – imagine you and several friends have eaten eggs, and all farted most thoroughly. It’s like that.”  posted by a reader at https://www.tripadvisor.ca/ShowTopic-g255111-i1219-k7735115-Does_Rotorua_smell_bad-Rotorua_Rotorua_District_Bay_of_Plenty_Region_North_Island.html%5D

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