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Tauranga's top house sells for $6.3m

A three-bedroom beachfront home in Mount Maunganui with a $6.3 million price tag was the most expensive house sold in Tauranga during the year to August.

The latest Valocity data showed a home on Oceanbeach Rd topped the list of Tauranga's five biggest residential sales in the 12 months to August 2018.

The city's top five sales were all houses in Mount Maunganui, ranging from $3m to $6.3m. The Oceanbeach Rd home was sold at a public auction in May this year.

The data showed 2130 residential properties were sold in Tauranga during the year to August.

The total value of those sales was $1.8 billion.

Simon Anderson, chief executive of Realty Group, which operates Eves and Bayleys, said the demand continued for houses in Mount Maunganui.

"It is landlocked, so when a good one comes up it is strongly chased," he said. "The Mount is such a sought-after place."

Anderson said Oceanbeach Rd was popular among buyers in the Mount due to its beachfront location.

"There is strong local buyer interest in the Mount."

Article originally published on NZ Herald.