PHOTO: CHRISTEL YARDLEY/STUFF – A study reveals house prices increased 464 per cent over the last 16 years in Tauranga while income only increased 128 per cent (File).
A housing crisis looms in Tauranga with house prices soaring 464 per cent in over the last 16 years while household income increased just 129 per cent a new report revealed.
The Housing Demand and Need research report, commissioned by SmartGrowth Partnership, suggest it will only become harder for people to own and rent a home in Tauranga and the Western Bay of Plenty region unless action is taken now.
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