Rotorua Tourism Accommodation Market
Generally the key drivers for tourist accommodation businesses are turnover and net profit. These are driven largely by visitor numbers and tariff levels.
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Lifestyle Market
Over the past three years the Rotorua lifestyle market has been depressed with values and number of transactions in decline as has been the case with most other property markets throughout the country.
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Residential Market Overview
The Rotorua residential market continues to be extremely difficult to predict with many mixed messages. The general trend of low sales volumes and values below levels that were recorded through 2005 to 2007 has continued since our last newsletter.
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Dairy Resurgence
For the first part of the new millennium, rural property values experienced dramatic growth, largely underpinned by the dairy sector’s buoyancy. This buoyancy being a consequence of rising milk payout together with long term forecasts of a global shortage of commodities.
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Rotorua Industrial Update
There are two key points evident in the Rotorua industrial market at present:
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