Rotorua more than bubbling along
In recent years Rotorua’s population growth has turned around - after years of essentially no growth, indeed population loss at times, the city has now passed the 70,000 mark. In the past year it notched up the largest annual growth in the past 10 years.
The CBD, which has been much-maligned, has its lowest recorded vacancy rate in 17 years.
“The local economy is performing well, business confidence is high, tourism is booming, population growth is positive (a reversal of historic trends) and the region looks to be an early beneficiary of the new government’s regional focus with confirmation it will headquarter the NZ Forestry Services,” Bayleys say in a recent report on the city.
“With a growing population comes increasing demand for new housing stock and we expect residential construction activity to gain momentum over coming years.
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