Some of the recent buying in Rotorua has been to beat interest rate rises as some members of the public think the reserve bank will increase rates soon. According to a local real estate agent in Rotorua, Mr Ian McDowell of McDowell Professionals "We are seeing some first home buyers but the top end buying has been from people who were sitting on the fence".

Mr McDowell believes that the top end buyers are coming into the market to try and beat an inevitable interest rate hike that will eventually come from the reserve bank. Although prices are increasing it is dependant on what suburb you buy in, the cheapest area to buy in Rotorua is Fordlands at $123,500 right through to Lynmore at $387,000.

Auckland and Christchurch are the two biggest gainers in the property prices war, however places like Rotorua are now showing growth that was reserved for the bigger cities. Some experts believe that the reserve bank should of focused on Auckland rather than the whole country as restricting the banks will only hinder places like Rotorua from growing faster as this hinders the first home buyers.

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