Investing in property in Bay of Plenty
The Bay of Plenty lies east of the Kaimai-Mamuka Ranges and south of the Coromandel Peninsula on the north island. Tauranga is the region’s major centre with a population of 158,000+, situated only a short drive from other New Zealand real estate hot spots.
This is one of the fastest-growing centres in New Zealand and is the main hub for new business. As the Bay of Plenty forms part of the Gold Triangle with Auckland and the Waikato, there are plenty of opportunities in both Tauranga and Rotorua cities.
Bay of Plenty Property Investment Opportunities at a Glance
Property Market Highlights
- Rents in Tauranga at an all-time high due to increasing demand and diminishing supply.
- The median weekly rent increased by eight per cent in a year-on-year comparison.
- The median weekly rent has increased by nine per cent compared to 2021.
Infrastructure & Development Highlights
- Bay of Plenty has many rail lines, including the most densely used one in the country, and well-developed road infrastructure.
- An ongoing $179 million government-funded roading and infrastructure project is set to allow for the region’s future population growth and industry development.
- Over 8,000 dwellings are to be built over the next 20 years, with over 5,000 expected within the next decade.
Economic Growth Highlights
- Key Industries:
- Dairy industry
- Agriculture
- Horticulture
- Forestry
- The Port of Tauranga is the largest international seaport for exports and it drives a significant amount of economic activity in the region.
Explore Investment Home Packages for Bay of Plenty
- Region
- Bay of Plenty
- Land Cost
- NZ$603,750
- Build Cost
- NZ$996,060
- Total Cost
- NZ$1,599,810
- 2-year Guaranteed Return Return
- NZ$2,295
- 2-year Guaranteed Return Return %
- 8%
- Independent Rental Return % (ongoing)
- 2.76%
Bay of Plenty Location & Lifestyle:
From a lifestyle perspective, everything you need for a perfect work/life balance is here — sun, sand, sea and a myriad of great places to eat and shop. The Bay of Plenty features beautiful harbours, white sandy beaches and a laidback lifestyle. Said to be the sunniest region on the North Island, this is a great year-round destination. The Bay of Plenty is also home to an abundance of orchards, especially citrus and kiwifruit, with the Te Puke, ‘the kiwi fruit capital of New Zealand in the east.
Bay of Plenty Property Market
Rents in Tauranga have reached an all-time high this year due to increasing demand and diminishing supply. The median weekly rent increased by eight per cent year-on-year in April to $630, and most recently to $670. In the wider Bay of Plenty region, the median weekly rent in April was $600, up nine per cent when compared with the same month in 2021. With the current housing shortages (which are predicted to grow), buying property in this area provides an excellent opportunity for investors.
Bay of Plenty Infrastructure & Development
Bay of Plenty’s many rail lines, including the most densely used one in the country, and well-developed road infrastructure are key features in the region’s connectedness to and from surrounding areas. An ongoing $179 million government-funded roading and infrastructure project is set to allow for the region’s future population growth and industry development. The funding allocated is expected to enable over 8,000 dwellings over the next 20 years, with over 5,000 of these expected within the next decade.
Bay of Plenty Economy
The Bay of Plenty is a thriving, growing region of New Zealand that is ripe with investment opportunities in many industries, reflective of its strengthening economy. Within close proximity to major industries such as the Waikato Dairy industry and the Bay of Plenty, the Port of Tauranga is a major draw card to attract businesses into the city. This is the largest international seaport for exports and it drives a significant amount of economic activity in the region.
Bay of Plenty’s coastline also plays a pivotal role in the economy. Being rich with natural resources including fertile soil and water contributes to New Zealand’s thriving agriculture, horticulture, and forestry industries. The government is currently investigating other land areas in the region in search of additional economical contributors, including niche crops and honey plantations.
Invest in Bay of Plenty
Our house and land investment packages are affordably priced, available across our Super Six range of homes and selected standard inclusion home designs, located in superior estates within the Bay.
The Stroud Super Six range includes six homes around the 180 to 200 square metre mark that can be built for under $1,136,000 (including land) making them ideal for investors. While the price point has been reduced through the reduction of luxury inclusions, our quality guarantees remain.
Check out our selection of House and land Packages designed specifically with the Bay of Plenty property investor in mind.