Locals buying a house in 2017 will be set back by, on average, $77,500 more than if they had bought in Rotorua five years ago.
A five year trend of Real Estate Insitute of New Zealand median house prices show in June 2013 a house hunter was paying on average $277,500 for a Rotorua property.
In June 2017 the median house price was sitting at $355,000, a nearly 28 per cent increase from 2013.
The majority of that increase was in the last 12 months, with prices increasing 24.6 per cent from $285,000 in June 2016 to $355,000 last month.
However, while prices continue to rise, the number of houses being sold has dropped dramatically.