No one knows Taupō like we do

Over the last couple of months the media have been doing a good job of painting a picture of doom & gloom for the property market in response to the rise in interest rates and other contributing factors.

This is not necessarily the same story that our team are seeing here on the ground in our local Taupō market. To put it in perspective, while there has been a slight easing in the prices of houses recently, it is still significantly higher than where we were sitting before COVID came to town.  The average median house price in Taupō is still up 35%  from pre-covid levels.

Then if you consider the level of investment going into local infrastructure, large commercial & industrial projects, (think power stations, new super markets etc.), combined with a shortage of land and rentals surrounding the Taupō CBD, these factors will all contribute to keeping demand in our local market strong.

For a more in-depth look at the current state of play in Taupō you can view a report on the link below.