Real Estate in Rotorua, New Zealand
Last updated on Jan 15, 2024
Summary: People living in Rotorua, New Zealand offer advice about real estate. How do you find a home in Rotorua? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Rotorua?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Rotorua involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a single room in a shared house to a fully detached home. Next, you should research the different neighborhoods in Rotorua to find one that suits your lifestyle and needs. Some popular areas include Fenton Park, Lynmore, and Pukehangi. Consider factors such as proximity to work or school, access to public transportation, and the presence of amenities like shops and parks. Once you've identified your preferred areas, start your search for available properties. There are several online platforms where you can find listings, such as Trade Me Property, realestate.co.nz, and nz.open2view.com. These websites allow you to filter results based on location, property type, price range, and other criteria. In addition to online listings, you may also want to engage the services of a real estate agent. They can provide valuable local knowledge, help you navigate the rental or buying process, and potentially give you access to properties that aren't publicly listed. When you find a property you're interested in, arrange a viewing. This will give you a chance to inspect the property in person, assess its condition, and ask any questions you might have. If you're renting, this is also a good opportunity to meet the landlord or property manager and get a sense of how responsive and professional they are. If you're satisfied with the property, the next step is to submit an application or make an offer. For rentals, this usually involves filling out an application form and providing references. If you're buying, you'll need to negotiate the price and terms with the seller, usually through your real estate agent. Finally, once your application or offer has been accepted, you'll need to sign a lease or sales agreement. Be sure to read this document carefully and understand all the terms before signing. If you're renting, you'll also typically need to pay a bond (usually equivalent to four weeks' rent) and the first week's rent in advance. Remember, finding a place to live can take time, so start your search well in advance of when you need to move. And always do your due diligence to ensure you're making a good decision," said one person in Rotorua.
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What is a typical expat home or apartment like in Rotorua?
"A typical expat home or apartment in Rotorua, is often a modern, well-furnished space that offers a comfortable living environment. These homes usually have two to three bedrooms, a spacious living room, a fully equipped kitchen, and one or two bathrooms. Many of these homes also have a private outdoor area, such as a garden or a patio, where residents can enjoy the city's mild climate. The homes are often located in safe, residential neighborhoods that are close to amenities like shops, restaurants, and schools. Some expat homes might also offer beautiful views of the city's famous geothermal features or the surrounding countryside. Inside, the homes are designed to be warm and inviting, with plenty of natural light. They often feature modern appliances and fixtures, as well as high-speed internet connections. Some homes might also have additional amenities like a garage, a laundry room, or a home office. Despite being in a city known for its geothermal activity, these homes are built to be safe and secure. They are often well-insulated to keep the heat in during the winter and out during the summer, and they are built to withstand the occasional earthquake that can occur in this part of New Zealand. Overall, a typical expat home in Rotorua offers a comfortable, modern living environment that allows expats to enjoy all that this unique city has to offer," explained one expat living in Rotorua, New Zealand.
Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
What is the average cost of housing in Rotorua?
If you are thinking about moving to Rotorua, cost of living in probably a key consideration. Expats commented about the cost of housing:
"As of 2021, the average cost of a house in Rotorua is approximately NZD 570,000. However, prices can vary significantly depending on the location, size, and condition of the property," remarked one foreigner who made the move to Rotorua.
Should I buy or rent a home in Rotorua?
If you have not spent a lot of time in Rotorua, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Rotorua, depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Rotorua for an extended period and have a stable income, buying a home may be a good investment, as it allows you to build equity and potentially benefit from any increase in property value over time. Additionally, owning a home provides a sense of stability and the freedom to make changes to the property as you see fit. On the other hand, if you are unsure about your long-term plans or prefer flexibility, renting may be a better option. Renting allows you to move more easily if your circumstances change, and it typically requires less upfront capital than buying a home. Furthermore, renting can provide the opportunity to live in different neighborhoods and types of properties before committing to a purchase. It is essential to consider factors such as the local housing market, interest rates, and your financial goals when making this decision. Consulting with a local real estate agent or financial advisor can help you determine the best course of action for your specific situation," said one expat in Rotorua.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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